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Need blanks to be filled in. Depreciation by Two Methods; Sale of Flxed Asset New lithographic equipment, acquired at a cost of $718,750 on March

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Depreciation by Two Methods; Sale of Flxed Asset New lithographic equipment, acquired at a cost of $718,750 on March 1 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $61,800. The manager requested information regarding the effect of alternative methods on the amount of depreclation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected In the first week of the fifth year, on March 4, the equipment was sold for $105,300,. Requiredi 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by the following methods: a. Straight-line method Accumulated Depreclation, End of Year 131,390 262,780 394,170 25,560 Depreciation Book Value, Year Expense End of Year 587,360 V 455,970| 24,580 193,190 131,390 2 131,390 31,390 4131,390 131,390 b. Double-declining-balance method Depreciation Expense Accumulated Depreciation End of Year Book Value, End of Year Year

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