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Answer each of the following questions. 1. A plant asset purchased for 150,000 has an estimated life of 10 years and a residual value of

Answer each of the following questions.

1.

A plant asset purchased for 150,000 has an estimated life of 10 years and a residual value of 12,000. Depreciation for the second year of use, determined by the declining-balance method at twice the straight-line rate is

enter a pound amount

2.

A plant asset purchased for 200,000 at the beginning of the year has an estimated life of 5 years and a residual value of 20,000. Depreciation for the second year, determined by the sum-of-the-years'-digits method is

enter a pound amount

3.

A plant asset with a cost of 216,000, estimated life of 5 years, and residual value of 36,000, is depreciated by the straight-line method. The accumulated depreciation for this asset at the end of the second year is

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