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please send answer as soon as possible because i have to send my homework after one hour please send it as soon as possible Problems
please send answer as soon as possible because i have to send my homework after one hour
Problems Problem 1. [10 Marks! Swanson & Hiller, Inc, purchased a new machine on Sept 1, 2020 at a cost of S108,000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $8,000. Required: Prepare a complete depreciation schedule, beginning with calendar year 2020, under each of the methods listed below (assuming half-year convention); I 1. 200 percent declining-balance 2. 150% declining-balance, switching to straight-line when that maximizes the expense. Problems: 110 Marks! Problem 1. Swanson & Hiller, Inc., purchased a new machine on Sept 1, 2020 at a cost of $108.000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $8.000 Required: Prepare a complete depreciation schedule, beginning with calendar year 2020, under each of the methods listed below assuming half-year convention I 1.200 percent declining balance 2. 150 declining balance, switching to strail-line when that maximize the expense please send it as soon as possible
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