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how do i solve these in good form E10.1 (LO1) (Depreciation Computations-SL, SYD, DDB)Deluxe Ezra Company purchases equipment on January 1 , Year 1 ,
how do i solve these in good form
E10.1 (LO1) (Depreciation Computations-SL, SYD, DDB)Deluxe Ezra Company purchases equipment on January 1 , Year 1 , at a cost of $469,000. The asset is expected to have a service life of 12 years and a salvage value of $40,000. Instructions 1. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. 2. Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method. 3. Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (In performing your calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest dollar.) Step by Step Solution
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