Question
A machine cost $800000 on may 1, 2012. its estimated salvage value is $70000 and its expected life is 8 years. Calculate depreciation expense. (show
A machine cost $800000 on may 1, 2012. its estimated salvage value is $70000 and its expected life is 8 years.
Calculate depreciation expense. (show work)
a) straight line for 2012
b) double-declining balance for 2013
c) sum-of-the-years-digits for 2013
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Financial Accounting
Authors: Jr. Belverd E. Needles, Marian Powers
9th Edition
0547070020, 978-0547070025
