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Cost $50,000; Salvage value:0; Useful life: 8 Calculate annual depreciation on this machinery using double-declining balance method. Be careful not to exceed the salvage value.
Cost $50,000; Salvage value:0; Useful life: 8 Calculate annual depreciation on this machinery using double-declining balance method. Be careful not to exceed the salvage value. If the salvage value is zero, switch to straightline in the year when straight-line yields higher depreciation. (use the remaining value as the starting point when you change)
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