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A machine cost $800,000 on April 1, 2012. Its esti...

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A machine cost $800,000 on April 1, 2012. Its estimated salvage value is $80,000 and its expected life is eight years. Instructions: Calculate the depreciation expense (to the nearest dollar) by each of the following methods showing the figures used. (a) Straight-line for 2012 (b) Double-declining balance for 2013 (c) Sum-of-the-years'-digits for 2013

 

Paper#13069 | Written in 18-Jul-2015

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