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May someone please help me. Thank you P18-7A Depr. exp. for year 8: 10) $7,000.00 16) 51,968.89 11d51,555.56 252,631.40 STRAIGHT-LINE, DECLINING-BALANCE, SUM-OF-THE-YEARS'-DIGITS, AND MACRS METHODS

May someone please help me. Thank you
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P18-7A Depr. exp. for year 8: 10) $7,000.00 16) 51,968.89 11d51,555.56 252,631.40 STRAIGHT-LINE, DECLINING-BALANCE, SUM-OF-THE-YEARS'-DIGITS, AND MACRS METHODS A machine is purchased January 1 at a cost of $59,000. It is expected to serve for eight years and have a salvage value of $3,000. REQUIRED 1. Prepare a schedule showing depreciation for each of the eight years and the book value at the end of each year using the following methods: (a) Straight-line (b) Double-declining-balance (round to two decimal places) (c) Sum-of-the-years'-digits (round to two decimal places) on 2. Assuming a seven-year class of property, compute MACRS depreciation expense for each year of the asset's life. CHAPTER 18 WP-681 Problem 18-7A 1. a. Annual Depreciation Year Ending Book Value 1. b. Beginning Book Value Year Rate Annual Depreciation Ending Book Value 1. c. Annual Depreciation Ending Book Value Rate Depreciable Cost Year

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