The companys equipment all of which was purchased on june 1

Reference no: EM13608589

The company's equipment, all of which was purchased on June 1, cost $95,000, with an estimated residual or salvage value of $5,000, and a useful life of five years.

Assuming that Correia Merchandising uses the double-declining-balance depreciation method, calculate the dollar amount reported in the company's general ledger accumulated depreciation, equipment account at the end of its second year ended May 31.

Reference no: EM13608589

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