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please answer part b) Kenartha Oil recently paid 3473,400 for equipment that will last five years and have a residual value of $107,000. By using
please answer part b)
Kenartha Oil recently paid 3473,400 for equipment that will last five years and have a residual value of $107,000. By using the machine in its operations for five years, the company expects to eam $173,000 annually, after deducing al expenses except depreciation. Complele the schedule below assuming each of (a) straight-line depreciaion and (b) double-declining-balance depreciation. (Enter loss amounts with a minus sign. after deducling a Proft before Proft befoe Proft 0055)Step by Step Solution
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