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6-11. Rembrandt Company acquired a plant asset at the beginning of Year 1, at a cost of $50,000. The asset has an estimated service life
6-11. Rembrandt Company acquired a plant asset at the beginning of Year 1, at a cost of $50,000. The asset has an estimated service life of 5 years and a salvage value of $5,000. Prepare depreciation for this asset using three different methods: (1) straight- line method, (2) the sum-of-the-years--digits method, and (3) the double-declining- balance method, to compare the results of using one method with the results of using the other methods. Year Straight-line method Sum-of-the-years! Double-declining- digits method balance method 1 2 3 4 5 va Total
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