Question
A machine that cost $524,000 is acquired on October 1, 2025. Its estimated salvage value is $52,400 and its expected life is eight years.
A machine that cost $524,000 is acquired on October 1, 2025. Its estimated salvage value is $52,400 and its expected life is eight years. (a1) Calculate depreciation expense for 2025 and 2026 by double-declining balance. (Round answers to O decimal places, e.g. 5,275.)
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
1119790972, 9781119790976
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