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Marigold Company purchased a new plant asset on April 1, 2025, at a cost of $724,000. It was estimated to have a service life
Marigold Company purchased a new plant asset on April 1, 2025, at a cost of $724,000. It was estimated to have a service life of 20 years and a salvage value of $60,400, Marigold' accounting period is the calendar year. (a) Your answer is correct. Compute the depreciation for this asset for 2025 and 2026 using the sum-of-the-years-digits method. (Do not round intermediate calculations. Round final answers to O decimal places, e.g. 45,892.) Depreciation for 2025 $ 47400 (b) Depreciation for 2026 $ 60830 eTextbook and Media Attempts: 1 of 3 used Compute the depreciation for this asset for 2025 and 2026 using the double-declining-balance method. (Do not round intermediate calculations. Round final answers to O decimal places, e.g. 45,892) Depreciation for 2025 $ Depreciation for 2026 $
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