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Evan Company purchased a machine for $600,000 on August 1, 2010. Evan estimates the machine will have a ten-year useful life and a salvage value
Evan Company purchased a machine for $600,000 on August 1, 2010. Evan estimates the machine will have a ten-year useful life and a salvage value of $40,000. Evan calculates depreciation for a year to the nearest full month. Compute Evans depreciation for 2012 assuming he uses the following depreciation methods:
a)Sum-of-the-years digits
b)Double-declining balance
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