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Mastery Problem: Long-Term Assets: Fixed and Intangible Patterson Planning Corp You have been hired by Patterson Planning Corp. an events planning company that recently had

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Mastery Problem: Long-Term Assets: Fixed and Intangible Patterson Planning Corp You have been hired by Patterson Planning Corp. an events planning company that recently had a fire in which some of the accounting records were carnaged In reviewing the fixed asset records, you find three depreciation schedules that are not labeled. They are listed in the following table. One of the assets has a depreciation rate of $4.30 per hour Yaar Schedule A Schedule B Schedule 1 $10,000 $9,030 2 6,000 $10,125 13,500 13.500 6,450 3,600 7,310 2,160 23,500 240 3,375 6,450 4,300 6,880 4,730 8 Total $22,500 554,000 545,150 Depreciation 1. Determine which depreciation method is shown in each schedule on the Patterson Planning Corp. Donet. The match each schedule to the asset description that best characterizes the type of assets often deprecated using that method Asset Description Depreciation Schedule Used AFF

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