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A machine which cost $300,000 is acquired on Octob...

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A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000 and its expected life is eight years. Instructions: Calcule depreciation expense for 2012 and 2013 by each of the following methods, showing the figures used. (a) Double-declining balance (b) Sum-of-the-years'-digits

 

Paper#13066 | Written in 18-Jul-2015

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