=+McCollum Company, a furniture wholesaler, acquired new equipment at a cost of $150,000 at the beginning of
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=+McCollum Company, a furniture wholesaler, acquired new equipment at a cost of
$150,000 at the beginning of the fiscal year. The equipment has an estimated life of five years and an estimated residual value of $12,000. Ellen McCollum, the president, has requested information regarding alternative depreciation methods.
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