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Depreciation Methods A machine costing $255,150 was purchased May 1. The machine should be obsolete after three years and therefore, no longer useful to the
Depreciation Methods A machine costing $255,150 was purchased May 1. The machine should be obsolete after three years and therefore, no longer useful to the company. The estimated salvage value is $9,450. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. Assume the company has a calendar year end. Do not round any rates. Round final answers to the nearest dollar. DDB Straight-line Year 15 54,600 $ Year 2 81.900 Year 3 81,900 Year 4 81.900 x $ 0 x 5 113.400 94,500 31,500 35,000 X 0 X Check
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