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(18 points total) Consider the purchase of a new combine. The specific information is: Purchase price = $750,000.00, Purchase date = Jan 1, 2020 Useful
- (18 points total) Consider the purchase of a new combine. The specific information is:
Purchase price = $750,000.00, Purchase date = Jan 1, 2020
Useful life =6 years, Salvage value = $100,000.00
Complete each depreciation table.
Note: each highlighted box is worth 1 point for a total of 10 points possible
- Fill in the table using the straight-line method
|
Year | Remaining value at beginning of year |
Depreciation | Remaining value at end of year |
| 2020 |
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| 2021 |
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| 2022 |
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| 2023 |
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| 2024 |
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| 2025 |
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AREA TO SHOW WORK MUST SHOW WORK FOR
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