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Ms Corporation purchased manufacturing equipment at a cost of $100,000 and elected to depreciate the equipment on an estimated useful life of 6 years. The
Ms Corporation purchased manufacturing equipment at a cost of $100,000 and elected to depreciate the equipment on an estimated useful life of 6 years. The equipment has a salvage value of $10,000. Calculate the Annual depreciation expense for the first 3 years using the straight-line method and Declining Balance Method.
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