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Depreciation by Two Methods A computer system acquired on January 1 at a cost of $ 3 5 , 0 0 0 has an estimated
Depreciation by Two Methods A computer system acquired on January at a cost of $ has an estimated useful life of five years. Assuming that it will have no residual value. a Determine the depreciation for each of the first two years by the straightline method. First Year Second Year $ $ b Determine the depreciation for each of the first two years by the doubledecliningbalance method. First Year Second Year $ $
Depreciation by Two Methods
A computer system acquired on January at a cost of $ has an estimated useful life of five years. Assuming that it will have no residual value.
a Determine the depreciation for each of the first two years by the straightline method.
First Year
Second Year
$ $
b Determine the depreciation for each of the first two years by the doubledecliningbalance method.
First Year
Second Year
$
$
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