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Problem 7 - 5 B ( Algo ) Determine depreciation under three methods ( LO 7 - 4 ) [ The following information applies to
Problem B Algo Determine depreciation under three methods LO
The following information applies to the questions displayed below.
Quick Copy purchased a new copy machine. The new machine cost $ including installation. The company
estimates the equipment will have a residual value of $ Quick Copy also estimates it will use the machine for four
years or about total hours. Actual use per year was as follows:
Problem B Algo Part
Required:
Prepare a depreciation schedule for four years using the straightline method. Do not round your intermediate calculations.
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