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General Medical Center bought equipment on January 2 for $33,000. The equipment was expected to remain in service for four years and to perform 1,000
General Medical Center bought equipment on January 2 for $33,000. The equipment was expected to remain in service for four years and to perform 1,000 operations. At the end of the equipment's useful life, General estimates that its residual value will be $8,000. The equipment performed 100 operations the first year, 300 the second year, 400 the third year, and 200 the fourth year. Read the requirements. Requirement 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreciation methods. After two years under double-declining balance depreciation, the company switched to the straight-line method. Year Straight-Line
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