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On January 1 , Year 1 , Phillips Company made a basket purchase including land, a building and equipment for $ 7 9 0 ,
On January Year Phillips Company made a basket purchase including land, a building and equipment for $ The appraised values of the assets are $ for the land, $ for the building and $ for equipment. Phillips uses the doubledecliningbalance method of depreciation for the equipment which is estimated to have a useful life of four years and a salvage value of $ The depreciation expense for
Year for the equipment is: Round your intermediate percentages to decimal places: ie
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$
$
$
$
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