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Bruny Corporation bought equipment on January 1, 2020. The equipment cost $390,000 and had an expected salvage value of $80,000. The life of the equipment

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Bruny Corporation bought equipment on January 1, 2020. The equipment cost $390,000 and had an expected salvage value of $80,000. The life of the equipment was estimated to be 4 years. The company uses the straight-line method of depreciation for the equipment. Calculate the accumulated depreciation at the end of the second year (December 30, 2021). QUESTION 49 Compaq Company purchased a new van for floral deliveries on January 1, 2020. The van cost $128,000 with an estimated life of 4 years and $17,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. Calculate the deoreciation expense for 2021. (Answer should be rounded to the nearest dollar, 1.e. 3,078,923 would be entered as 3,079) QUESTION 50 Compaq Company purchased a new van for floral deliveries on January 1, 2020. The van cost $125,000 with an estimated life of 4 years and $13,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. Calculate the accumulated depreciation at the end of December 31,2021 using the double-decining method. (Please enter answer founded to the nearest dollar, i.e. 3,078.923 would be entered as 3,079 )

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