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Partial-year depreciation Equipment acquired at a cost of $46,000 has an estimated residual value of $3,000 and an estimated useful life of 10 years. It
Partial-year depreciation Equipment acquired at a cost of $46,000 has an estimated residual value of $3,000 and an estimated useful life of 10 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31 . When required, round your answers to two decimal places. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. b. Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method
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