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Given the following data. Cost of Machinery - $97.000 (acquired on Jan 1, 2009) Salvage Value = $2,000 Estimated Useful Life = 5 years Determine
Given the following data. Cost of Machinery - $97.000 (acquired on Jan 1, 2009) Salvage Value = $2,000 Estimated Useful Life = 5 years Determine the depreciation expense per year and the book value of the asset at the end of each year by using the Straight Line Depreciation Method Fill all the columns from the year 2009 to 2013 in the format given below (5 marks) 1. What will be the effect (increase decrease or rornain same) on the profitability in the initial years if a company was using Double Declining Balance Method, Why? (No calculation required) (0.540.3 - 1 mark) End of Annual Period Depreciable Cost Depreciation Rate Depreciation Expense Accumulated Book Value (Yoan Depreciation 2001 2010 2011 2012
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