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Kenartha Oil recently paid $ 4 8 3 , 9 0 0 for equipment that will last five years and have a residual value of
Kenartha Oil recently paid $ for equipment that will last five years and have a residual value of $ By using the machine in its operations for five years, the company expects to earn $ annually, after deducting all expenses except depreciation. Complete the schedule below assuming each of a straightline depreciation and b doubledecliningbalance depreciation. Do nor round intermediate calculations. Enter loss amounts with a minus sign.
tableaStraightLine Depreciation:,Year Year Year Year Year Year TotalsProfit before depreciation,,$$$Depreciation expenses,,Profit loss$$$$$$bDoubleDecliningBalance Depreciation:,,,,,,,,,,,,Year Year Year Year Year Year TotalsProfit before depreciation,$$$$$Depreciation expenses,,Profit loss$$
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