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Nancy Company purchase an equipment on December 1, 2020 valued at 311,000, salvage value of 11,000 and useful life of 5 years. Calculate the straight-line

Nancy Company purchase an equipment on December 1, 2020 valued at 311,000, salvage value of 11,000 and useful life of 5 years.

  1. Calculate the straight-line depreciation for 2020, 2022
  2. Calculate the sum of the years digit for 2020, 2022
  3. Calculate the double declining balance method for 2020, 2021 and 2022.

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