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At the beginning of 2009, Ran purchased a new machine for her factory at a cost of $600,000.The machine has an estimated useful life of
At the beginning of 2009, Ran purchased a new machine for her factory at a cost of $600,000.The machine has an estimated useful life of 10 years and estimated residual value of $50,000. How much depreciation would Rana take in 2009 for financial reporting purposes under the double- declining balance method? Under the straight- line method, how much depreciation would Rana take in 2010 for financial reporting purposes
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