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Problem 4: Depreciation (18 points) Mideast Airlines purchased a 747 aircraft on January 1, 2010 at a cost of $32,000,000. The estimated useful life of

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Problem 4: Depreciation (18 points) Mideast Airlines purchased a 747 aircraft on January 1, 2010 at a cost of $32,000,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $4,000,000. Instructions Compute the accumulated depreciation and book value at December 31, 2012 using the straight- line method and the double-declining-balance method

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