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If a piece of machinery was bought for $46,100 & has an estimated life of four years with a residual value of $13,300. If you
If a piece of machinery was bought for $46,100 & has an estimated life of four years with a residual value of $13,300. If you use the reducing balance method of depreciation using a rate of 1.5 times the straight-line rate what is the depreciation per year and the final balance ?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
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