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On February 1, 2011 Mead Company purchased a drill press for $36,000. The new machine has an estimated useful life of ten years and the
On February 1, 2011 Mead Company purchased a drill press for $36,000. The new machine has an estimated useful life of ten years and the salvage value was estimated to be $6.000. Instructions: Compute depreciation for 2011, 2012 and 2013 and the book value of the machine at December 31, 2018. (a)assuming the sum-of-the-years'- digits method is used (b) double declining balance 1 2 3 4
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