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Bramble Corporation purchased machinery on January 1, 2025, at a cost of $300,000. The estimated useful life of the machinery is 4 years, with
Bramble Corporation purchased machinery on January 1, 2025, at a cost of $300,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $35,000. The company is considering different depreciation methods that could be used for financial reporting purposes. (a) Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION Computation Years Depreciable Cost x Depreciation Rate = Annual Depreciation Expense 2025 $ % $ 2026 2027 2028 96 % % $ DOUBLE-DECLINING-BALANCE DEPRECIATION Accumula $ Computation Book Value Beginning of Years x Depreciation Rate = Annual Depreciation Expense Accumulat Year 2025 $ 2026 2027 2028 % $ % % % $ $
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