ble declining balance method of depreciation, what is depreciation expense on Changs December 31, 2007 (year 2) income statement for this asset?...

If Chang uses the double declining balance method of depreciation, what is depreciation expense on Chang"s December 31, 2007 (year 2) income statement for this asset? 11. Melanie"s M&N"s Candy purchased a piece of land and a building for a lump sum payment of $300,000. The land is appraised at $132,000, and the building at $308,000. At what cost should the building be recorded on Melanie"s balance sheet? After making the adjusting entry for bad debt expense, what is the net realizable value of accounts receivable?