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On October 1, 2021, Hunt Company purchased factory equipment with an invoice price of $90,000. The equipment is estimated to have a $5,000 salvage value
On October 1, 2021, Hunt Company purchased factory equipment with an invoice price of $90,000. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. Using your calculations from Question #2, calculate depreciation using double declining balance method for: 2022 Depreciation (Show Calculations in fill-in-the-blank box for partial credit. A/ What is the book value for the asset in 5 year 20222 2022 Book Value 8
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