Benwick Industries purchased a computer system on January 1, 2022, at a cash cost of $50,000. The estimated useful life
Posted: Fri Jul 01, 2022 8:45 am
Benwick Industries purchased a computer system on January 1,2022, at a cash cost of $50,000. The estimated useful life is 10years, and the estimated residual value is $6,000. The company willuse the double declining-balance depreciation method. What is theaccumulated depreciation balance as of December 31, 2023? $15,840$18,000 $17,040 $8,000.