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On June 1, 2013, ABC Co. purchased a drill press at a cost of $36,000. The drill press is expected to last 10 years and

On June 1, 2013, ABC Co. purchased a drill press at a cost of $36,000. The drill press is expected to last 10 years and has a residual value of $6,000.

Instructions: Compute depreciation for 2013, 2014 and 22015 and the book value of the machine at December 31, 2015 assuming (a)sum of the years digits method is used (b) double declining balance

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