Test your Senior-level Depreciation Methods Declining Balance skills in Valuation Measurement Methods. This timed assessment evaluates your expertise in Accounting.
Duration: 5 minutes
•40 questions
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40 questions remaining
Question 1 of 40Assessment
An asset with a carrying amount of $128,000 is impaired by $48,000. It's being depreciated using 200% DB with a 20% annual rate. What is the depreciation expense for the first year after impairment?