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1. Hafiz Ullah & Company purchased a factory machine of $ 180,000 on January 1, 2012. The machine is expected to have a salvage value
1. Hafiz Ullah & Company purchased a factory machine of $ 180,000 on January 1, 2012. The machine is expected to have a salvage value of $ 20,000 at the end of its 4 year useful life. Required: a) Calculate depreciation using straight line for four years (4 points) b) Calculate and prepare depreciation table using double declining balance method (6 points)
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