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On January 1 , Midwest Specialty Foods purchased equipment for $ 2 2 , 0 0 0 . Residual value at the end of an
On January Midwest Specialty Foods purchased equipment for $ Residual value at the end of an estimated fouryear service life is expected to be $ The machine operated for hours in the first year, and the company expects the machine to operate for a total of hours.
Calculate depreciation expense for the first year using each of the following depreciation methods: straightline, doubledecliningbalance, and activitybased. Do not round your intermediate calculations.
tabletableDepreciationExpense Straightline,$
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