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On March 24, 2009 Tastee Ice Cream Co. purchased equipment costing $140,000, with an estimated life of 5 years and an estimated salvage value of
On March 24, 2009 Tastee Ice Cream Co. purchased equipment costing $140,000, with an estimated life of 5 years and an estimated salvage value of $20,000
Compute the depreciation expense Tastee would recognize on this equipment for each of the five years, assuming: Straight line depreciation using the half year convention
200% declining balance using the half year convention
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