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Culver Company purchases equipment on January 1, Year 1. atcost of $483,070. The asset expected to have service life cf 12 years and a salvage
Culver Company purchases equipment on January 1, Year 1. atcost of $483,070. The asset expected to have service life cf 12 years and a salvage value of $41,200 Compute the amount af depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places,e.g. 5,125.) Depreciation for Year 1 Depreciation for Year 2 Dapreciation far Year 3 sum-of-the-ycars-digit Compute the amount af depreciation for each at Years 1 through 3 using the Depreciation for Year 1 Depreciation for Year 2 methad Dapreciation for Year 3 put the amount ar d reciation for each of Years 1 through 3 L ing the double decining balance method Round depreciation rate to 2 decimal Piacos, e g 15.84%. Round answers to 0 decinal places. g. 45,8 Depreciation for Year 1 Dapreciation far Ycar 2 Depreciation for Year 3
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