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A company acquired the following assets: a. Machine: 10-year useful life, $31,000 cost, straight-line method, $8,000 expected residual value b. Furniture: 3-year useful life, $23,000
A company acquired the following assets: a. Machine: 10-year useful life, $31,000 cost, straight-line method, $8,000 expected residual value b. Furniture: 3-year useful life, $23,000 cost, DDB method, $1,400 expected residual value. Calculate the following depreciation expense amounts for each asset. Use the first input column for the machine (straight-line) and the second input column for the furniture (DDB). (Round your answers to the nearest whole dollar.) Annual Annual Straight-Line DDB Depreciation Depreciation $ 2,300 $ 15,333 Year 1 2,300 5,111 Year 2 1704 2,300 Year 3 Enter any number in the edit fields and then click Check
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