Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 1

Messer Company purchased equipment for $24,000.he company is considering whether to determine annual depreciation using the straight-line method or the declining-balance method at 150 percent of the straight-line rate.aller expects to use the equipment for 10 years, at the end of which it will have an estimated salvage value of $4,000.repare a comparison of these two alternatives for the first two years Messer will own the equipment.