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Misha's Crystal Ball Corporation purchased two machines at the beginning of the year. They need to calculate the annual depreciation based on the following information:
Misha's Crystal Ball Corporation purchased two machines at the beginning of the year. They need to calculate the annual depreciation based on the following information:
Machine No.CostSalvage ValuePurchase DateEstimated LifeDepreciation Method
1$54,000$6,0001/1/213 yearsStraight-line
2$96,000$9,6001/1/218 yearsDouble-declining balance
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