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Help with double declining. Depreciation Methods A machine costing $181,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no
Help with double declining.
Depreciation Methods A machine costing $181,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $5,400. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar. a. Straight-line: Year 1: 39,200 58,800 58,800 Year 2: Year 3: Year 4: 19,600 b. Double-declining balance: Year 1: $ 50,495 x Year 2: Year 3: 0 x Year 4: Check Step by Step Solution
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