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Exercise 11-5 Buffalo Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024.
Exercise 11-5 Buffalo Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to o decimal places, e.g. 5,275.) Description Date Purchased Dec. 2, 2022 Residual Value $12,000 Life in Years Depreciation Method Cost Accumulated Depreciation to Dec. 31, 2023 $46,200 Depreciation for 2024 Machine A $165,000 Machine B Aug. 15, 2021 19,000 Straight-line 26,500 Machine C July 21, 2020 72,800 24,000 8 Double-declining-balance LINK TO TEXT LINK TO TEXT
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