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On January 4, 2019, Columbus Company purchased new equipment for $657,000 that had a useful Ife of four years and a salvage value of $47000

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On January 4, 2019, Columbus Company purchased new equipment for $657,000 that had a useful Ife of four years and a salvage value of $47000 Required: Prepare a schedule showing the annual depreciation and end-of year accumulated depreciation for the first three years of the asset's life under the straight-line method, the sum-of-the-years digits method, and the double -declining-balance method Analyze: If the double -declining balance method is used to compute depreciation, what would be the book value of the asset at the end of 2020? Complete this question by entering your answers in the tabs below Double Declining Straight Line Digits Sum of Year Analyze Prepare asset's life under the straight-ine methodretion d edof-year accumulated depreciation for the first three years of the Annual Acqu Year Cost 2019 Next >

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