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Please answer asap Mountain View Resonts purchased equipment at the beginning of 2024 for $45,000. Residual value at the end of an estimated fouryear service
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Mountain View Resonts purchased equipment at the beginning of 2024 for $45,000. Residual value at the end of an estimated fouryear service Me is expected to bo $8,300. The machine operated for 1,300 hours in the first year and the compary expects the machine to operate for a total of 9,000 hours over its four-yos life. Required: Calculate depteciation expense for 2024, using each of the following depreciation methods: 1. Straightine 2. Double-declining-balance. 3. Activity-bosed (For all requirements, round your intermediate calculatiens to 2 decimal places) Step by Step Solution
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