You are on page 1of 3

tarzan Company purchased equipment on January 1, 2020 for

The equipment had an estimated 7-year useful life. The


accounting policy for 7-year assets is to use the 200%
double declining balance method for the first two years of
the asset's life and then switch to straight line
depreciation.
On December 31, 2022, what amount should be reported as
accumulated depreciation?

You might also like