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just need the depreciation expense for the second table in part B. Gandoin Construction Co. purchased a CAT 336DL earth mover at a cost of
just need the depreciation expense for the second table in part B.
Gandoin Construction Co. purchased a CAT 336DL earth mover at a cost of $435,000 in January 2018. The company's estimated useful life of this heavy equipment is 10 years, and the estimated salvage value is $86,000 Required: a. Using straight line depreciation, calculate the depreciation expense to be recognized for 2019, the first year of the equipment's life and calculate the equipment's net book value of December 31, 2021, after the third year of the equipment's life Answer is complete and correct. Depreciation expense Not book value 34.900 $ 330,300 b. Using declining balance depreciation at twice the straight-line rate, calculate the depreciation expense to be recognized for 2021 the third year of the equipment's life. Answer is not complete 20% Double-decliningrato Depreciation expense Step by Step Solution
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