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Exercise 9.4 Depreciation Methods L.O. 3 On Janua...

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Exercise 9.4 Depreciation Methods L.O. 3 On January 2, 2009, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with a residual value of $5,000. a. Prepare a complete depreciation table under the three depreciation methods listed below. In each case, assume that a full year of depreciation was taken in 2009. 1. Straight-line. 2. 200 percent declining-balance. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense.

 

Paper#5512 | Written in 18-Jul-2015

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