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Computing Double-Declining-Balance Depreciation DeFond Company purchased equipment for $75,000. For each of the following sets of assumptions, prepare a depreciation schedule (all years) for this
Computing Double-Declining-Balance Depreciation
DeFond Company purchased equipment for $75,000. For each of the following sets of assumptions, prepare a depreciation schedule (all years) for this equipment assuming that DeFond uses the double-declining-balance depreciation method.
Useful life | Residual Value |
---|---|
a. Four years | $12,000 |
b. Five years | $4,500 |
c. Ten years | $1,500 |
Round answers to the nearest whole number. Use rounded answers for subsequent calculations.
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