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Equipment acquired at a cost of $ 6 2 , 0 0 0 has an estimated residual value of $ 4 , 0 0 0
Equipment acquired at a cost of $ has an estimated residual value of $ and an estimated useful life of years. It was placed into service on May of the current fiscal year, which ends on December This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a Determine the depreciation for the current fiscal year and for the following fiscal year by the straightline method. Round your answers to the nearest dollar. Year Depreciation Year fill in the blank of $ Year fill in the blank of $ b Determine the depreciation for the current fiscal year and for the following fiscal year by the doubledecliningbalance method. Do not round the doubledeclining balance rate. Round your answers to the nearest dollar. Year Depreciation Year fill in the blank of $ Year fill in the blank of $
Equipment acquired at a cost of $ has an estimated residual value of $ and an estimated useful life of years. It was placed into service on May of the current fiscal year, which ends on December This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
a Determine the depreciation for the current fiscal year and for the following fiscal year by the straightline method. Round your answers to the nearest dollar.
Year Depreciation
Year fill in the blank of $
Year fill in the blank of $
b Determine the depreciation for the current fiscal year and for the following fiscal year by the doubledecliningbalance method. Do not round the doubledeclining balance rate. Round your answers to the nearest dollar.
Year Depreciation
Year fill in the blank of $
Year fill in the blank of $
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