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please show me how do A. 1 and 2 B. C. (half year convention) over an est machines estimated useful life at the time of
please show me how do
A. 1 and 2
B.
C.
(half year convention) over an est machines estimated useful life at the time of the purchase was five years, and it8000 was $8,000. Swanson & Hiller, Inc., purchased a new machine on September 1,2012 at a cost ors .The its residual val 2A Straight- ated Instructions 2012, under each of the un methods listed below (assume that the half-year convention is used): 1. Straight-line. 2. 200 percent declining-balance. 3. 150 percent declining-balance, switching to straight-line when thatm a Prepare a complete depreciation schedule, beginning with calendar year expense Which of the three methods computed in part a is most common for financial poses? Explain. al reporting pu b. c. Assume that Swanson & Hiller sells the machine on December 31, 2015, for $29,000 ash Compute the resulting gain or loss from this sale under each of the depreciation methods usod in part a. Does the gain or loss reported in the company's income statement have any direct cash effects? Explain. , Hills HarduouStep by Step Solution
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