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Please solve hand written, no Excel. A machine, purchased for $85,000, has a depreciate life of 6 years. The half-year rule does not apply in
Please solve hand written, no Excel.
A machine, purchased for $85,000, has a depreciate life of 6 years. The half-year rule does not apply in this question. a] Using the straight-line method, what are the depreciation amounts for each of the next 5 years? Assume for this book depreciation method that the asset will have an expected salvage value of $5,000 at the end of the depreciable life. b] If the declining balance method was used with rate 30% (a=0.3) with switching to SL method, what are the depreciation amounts for the next 6 years? Please note that the salvage value at the end of the depreciate life is still $5,000
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