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16. A company's property records revealed the following information about its plant a Depreciation Method (Estimated Life) Salvage Value Purchase Date Cost Machine No $84,000
16. A company's property records revealed the following information about its plant a Depreciation Method (Estimated Life) Salvage Value Purchase Date Cost Machine No $84,000 172,000 $6,000 10/01/2018 Straight-line (3 Years) $17,200 7/01/2018 Double-declining balance (5 years) Calculate the depreciation expense for each machin e for the year ended December 31 for 2018, and for the year ended December 31 for 2019 (28 points). Machine 1: Year 1 Machine 2: Year 1 Year 2 Year 2
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
