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Blossom Company purchased a large piece of equipment on October 1 , 2 0 2 3 . The following information relating to the equipment was
Blossom Company purchased a large piece of equipment on October The following information relating to the equipment was gathered at the end of October: It is expected that the equipment could be used for years, after which the salvage value would be zero. Blossom intends to use the equipment for only years, however, after which it expects to be able to sell it for $ The equipment was delivered on October and the invoice for the equipment was paid on October Blossom uses the calendar year to prepare financial statements. Blossom follows IFRS for financial statement purposes. a Calculate the depreciation expense for the years indicated using the following methods. Do not round intermediate calculations. Round final answers to decimal places, eg Straightline method for Sumoftheyears'digits method for Doubledecliningbalance method for
Blossom Company purchased a large piece of equipment on October The following information relating to the equipment was
gathered at the end of October:
It is expected that the equipment could be used for years, after which the salvage value would be zero. Blossom intends to use the
equipment for only years, however, after which it expects to be able to sell it for $ The equipment was delivered on October
and the invoice for the equipment was paid on October Blossom uses the calendar year to prepare financial statements.
Blossom follows IFRS for financial statement purposes.
a Calculate the depreciation expense for the years indicated using the following methods. Do not round intermediate calculations.
Round final answers to decimal places, eg
Straightline method for
Sumoftheyears'digits method for
Doubledecliningbalance method for
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