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Course Content / Chapter 9 Chapter 9 Homework b. Assume that the machine was purchased on July 1. Calculate each year's depreciation expense for the
Course Content / Chapter 9 Chapter 9 Homework b. Assume that the machine was purchased on July 1. Calculate each year's depreciation expense for the machine's useful life under each of the following depreciation methods: 1. Straight-line. 2. Double-declining balance. 1. Straight-Line Depreciation Expense Year Year 1 $ 31,250 x Year 2 28,750 x Year 3 28,750 x Year 4 28,750 x Year 5 14,375 * Chapter 9 Homework 2. Double-declining balance (Round answers to the nearest whole number, when appropriate.) Depreciation Expense 65,000 * 0x 0x 0x 4,063 x Year Year 1 $ Year 2 Year 3 Year 4 Year 5 Chock
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