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On July 2020, yorkton company purchased for 405,000 equipment having an estimated useful life of ten years with an estimated residual value of 40,000. Depreciation

On July 2020, yorkton company purchased for 405,000 equipment having an estimated useful life of ten years with an estimated residual value of 40,000. Depreciation is calculated to the nearest month, the company has a decemeber 31 year-end image text in transcribed
2020 2021 2022 1 Double-declining-balance method: Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year $ $ 01 S 0$ 2 Straight-line method: Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year $ 0 OS 0

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