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A B C D 10 10 11 ABC Company bought equipment at a cost of $900,000 on March 31, 2016. The building has an
A B C D 10 10 11 ABC Company bought equipment at a cost of $900,000 on March 31, 2016. The building has an estimated useful life of 4 years with a $200,000 residual value. The company's year end is December 31. The company prepared annual adjusting entries. 12 REQUIRED: 13 SL YEAR Please prepare your calculations in the template on the right. Then you can organize your answers below. PLEASE transfer all final answers to the exam. 14 a. Calculate the depreciation expense the Straight-Line Depreciation method for 2016. 15 16 17 18 b. What is the accumulated depreciation at Dec. 31, 2016 under the straight-line method? 19 20 21 H 22 c. Calculate the depreciation expense using the Double-Declining (or Double-diminishing) method for 2017 and 2018 and 2019. Double Declining 23 Year 24 25 2017 2018 26 2019 27 28 d. What would be the balance in the Accumulated Depreciation Machine be at the end of 2017 based on 50 445 the double darlining method) question Copy of question. New
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