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4. Puppy purchased equipment on 4/1/19 for $240,000. The equipment is expected to have a life of 3 years and a zero salvage value. REQUIRED:

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4. Puppy purchased equipment on 4/1/19 for $240,000. The equipment is expected to have a life of 3 years and a zero salvage value. REQUIRED: A Compute depreciation expense for each year assuming: Straight Line Double Declining Balance B. Make the journal entry to record depreciation expense for 12/ 31/19: Straight Line Double Declining Balance C. Make the journal entry to record the sale of the equipment for $140,000 on 121/12 (after the adjustment in part B) assuming: Straight Line Double Declining Balance D. Refer to part C. What is the total expense over the life of the equipment if Puppy uses: Straight Line Double Declining Balance

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