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11-2 Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has

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11-2 Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation asset using three different methods to compare the results of using one method with the results of using other methods.You are to assume that the following schedules have been one method with s asset using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-deci Sum-of-the- Year Straight-Line Years'-Digits Declining- Balance $9,000 $15,000 12,000 9,000 6,000 3,000 $45,000 $20,000 12,000 7,200 4,320 1,480 $45,000 9,000 9,000 9,000 $45,000 Total Answer the following questions. What is the cost of the asset being depreciated? Cost of asset 95 605 PM /5/2019 o search

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