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5. The Hilton Company purchased equipment for $250,000 on September 1, 2017 . The equipment has an estimated service life of 6 years and an
| 5. The Hilton Company purchased equipment for $250,000 on September 1, 2017. The equipment has an estimated service life of 6 years and an estimated residual value of $10,000. | |||||||||||||||||||||
| Compute the depreciation expense for 2017 and 2018 using each of the following methods: | |||||||||||||||||||||
| (Record answers to two decimal points) | |||||||||||||||||||||
| straight line: 2017: | 2018:
| ||||||||||||||||||||
| sum of the years digits: 2017: | 2018: |
| |||||||||||||||||||
| Double declining Balance: 2017: | 2018: | ||||||||||||||||||||
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
