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On April 1, 2019, your company purchased a machine for $900,000. It has estimated salvage value of $90,000 and it is expected to last 8
On April 1, 2019, your company purchased a machine for $900,000. It has estimated salvage value of $90,000 and it is expected to last 8 years. Calculate the depreciation for 2019 using the following methods (rounding to nearest dollar). Show your work. a. Straight line depreciation b. Double-declining balance depreciation for 2019 (no fractional months are required). c.Sum-of-the-years'-digits
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