On Jan 1, 2021, KFC, Inc. Purchased machine for $200,000. If had a estimated value of...

On Jan 1, 2021, KFC, Inc. Purchased machine for $200,000. If had a estimated value of $40,000 and a 4 year useful life. KFC has Dec 31, year and uses the double declining balance method of depreciation. what is the the accumulated depreciation on Dec 31, 2022?

Expert Solution

Accumulated DepN as on 31/dec/2022 is $ 120,000,

Please find the attached sheet for detailed calculations,

Thanks,

ekkarill92 answered 2 years ago

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