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Please complete the chart below A company purchases equipment costing $24 000, which it expects to last 6 years and to have a salvage value

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Please complete the chart below

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A company purchases equipment costing $24 000, which it expects to last 6 years and to have a salvage value of $3000. A. Prepare a schedule of depreciation for the first five years using the straight-line method. Straight-line Depreciation Year Depreciation Balance $24 000 N 3 4 U B. For the same equipment, prepare a schedule of depreciation for the first five years using the true declining-balance method. Canada Revenue Agency's prescribed rate for depreciation is 30%. True Declining Balance Year Depreciation Balance $24 000.00 2 W 4 UC. Repeat the same type of calculations as in B. above, but this time assume CRA's 50% rule is in effect. Declining Balance with 50% Rule Year Depreciation Balance $24 000.00 IN 4 U

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