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On July 1, 2017 Sport Company purchased $800.000 equipment having an estimated useful life of 4 years with an estimated salvage of $20.000. Depreciation is
On July 1, 2017 Sport Company purchased $800.000 equipment having an estimated useful life of 4 years with an estimated salvage of $20.000. Depreciation is taken for the portion of the year the asset is used. Complete the form below by determining depreciation expense and year-end book values for the 2017 and 2018 using the Please use double declining method and record journal entry of depreciation at the end of 2018
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