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A company paid $140,000 for equipment on April 1, 2012. The equipment was expected to have a 10-year useful life and residual value of $40,000.
A company paid $140,000 for equipment on April 1, 2012. The equipment was expected to have a 10-year useful life and residual value of $40,000. Assume that the company uses DDB for income taxes and straight-line for financial reporting. For each method, calculate depreciation expense for the first two years. (Round your answers to t nearest whole dollar.) Depreciation for Year-end income taxes Straight-Line December 31, 2012 December 31, 2013 Total The extra depreciation expense over the first two years using DDB (the income tax method) is S the edit fields and then click Check Answer. Enter any number
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