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a) On January 2, 2019, a machine was purchased for $180,000. It has an estimated useful life of ten years and an estimated residual
a) On January 2, 2019, a machine was purchased for $180,000. It has an estimated useful life of ten years and an estimated residual value of $14,000. Use the double- declining-balance method and determine the depreciation amount to be used in the 2020 year-end adjusting entry.
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
