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Exercise 11-5 Headlands 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 Headlands 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 0 decimal places, e.g. 5,275.) Date Purchased Residual Value Life in Years Depreciation Method Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 Description Cost Machine A Dec. 2, 2022 $170,000 $12,000 10 $47,600 Machine B Aug. 15, 2021 15,000 5 Straight-line 29,500 Machine C July 21, 2020 73,800 22,000 8 Double-declining-balance
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