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Able Manufacturing Company purchased machinery as follows: Cost.......... $39,000 $4,500 Residual Value... Estimated ful life...... 5 years Under the double-declining-balance method, what will be: Depreciation
Able Manufacturing Company purchased machinery as follows: Cost.......... $39,000 $4,500 Residual Value... Estimated ful life...... 5 years Under the double-declining-balance method, what will be: Depreciation Expense for year 2, Accumulated Depreciation at the end of yeat 2, and Book Value at the end of year 2? Depreciation Expense Accumulated Depreciation Book Value for Year 2 at the end of Year 2 at the end of Year 2 $14,040 $ 9,360 $ 6,900 $24,960 $22,500 $16,500 $15,600 $23,400 $15,600 $ 8,280 $22,080 $12,420 $15,120 $10,080 $23,880
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