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An equipment which cost $250,000 is acquired on September 1, 2017 Its estimated residual value is $20,000 and its expected life is eight years. Instructions

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An equipment which cost $250,000 is acquired on September 1, 2017 Its estimated residual value is $20,000 and its expected life is eight years. Instructions l'repare the depreciation schedule for the equipment by using Double-deelming balance methods Solution year Book value Depreciation espense Acrumulated depreciation 2017 201B 2019 2020 2021 2022 2023 2024 2025

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