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Compare Two Depreciation Methods Bayside Coatings Company purchased waterproofing equipment on January 2, 20Y4, for $190,000. The equipment was expected to have a useful life
Compare Two Depreciation Methods Bayside Coatings Company purchased waterproofing equipment on January 2, 20Y4, for $190,000. The equipment was expected to have a useful life of four years and a residual value of $9,000. Instructions: Determine the amount of depreciation expense for the years ended December 31, 20Y4, 205, 206, and 2047, by (a) the straight-line method and (b) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Depreciation Expense Year Straight-Line Method Double-Declining-Balance Method 20Y4 2015 2016 dului 2017 Total $
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