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Metlock Company purchased a new plant asset on April 1,2025, at a cost of $742,000. It was estimated to have a service life of 20
Metlock Company purchased a new plant asset on April 1,2025, at a cost of $742,000. It was estimated to have a service life of 20 years and a salvage value of $57,400. Metlock accounting period is the calendar year. (a) Your answerts incorrect. Compute the depreciation for this asset for 2025 and 2026 using the sum-of-the-years:-digits method. (Do not round intermediate calculations. Round final answers to 0 decimal places, es. 45,892) Depreciation for 2025$ Depreciation for 2026
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