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EXTRA TopHat Problem 1 1 / Kelly Machines reported the following information about two of its machines as of December 3 1 , 2 0
EXTRA TopHat Problem
Kelly Machines reported the following information about two of its machines as of
December
a Calculate the annual depreciation for each asset using the straightline method
b Calculate the accumulated depreciation and book value of each asset on December
c If the company determined during that machine # now has a salvage value of
$ would you expect the accumulated depreciation as of December to
change? If so would it likely increase or decrease?
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