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Acme Corporation started business several years ago and acquired a machine costing $2,000,000 on August 1, 2015. The companys normal yearend date is December 31
Acme Corporation started business several years ago and acquired a machine costing $2,000,000 on August 1, 2015. The companys normal yearend date is December 31 each year. This machine has a 10 year useful life and an expected salvage value of $ 180,000.
Required: A) The dollar amount of depreciation for 2015 under the straight-line
method of depreciation is $ _________________ .
B) The dollar amount of depreciation for 2015 under the double declining
balance method of depreciation is $___________________ .
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