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PROBLEMS: 3 15 POINTS APRIL 1, 2019, SMITH COMPANY PURCHASED A MECHINERY AT A COST OF 80,000.00. THE MECHINERY WAS EXPECTED TO PROVIDE SERVICE
PROBLEMS: 3 15 POINTS APRIL 1, 2019, SMITH COMPANY PURCHASED A MECHINERY AT A COST OF 80,000.00. THE MECHINERY WAS EXPECTED TO PROVIDE SERVICE FOR FIVE YEARS, AFTER WHICH IT COULD BE SOLD FOR APPROXIMATELY $ 10,000.00 (SALVAGE VALUE/RESIDUAL VALUE). INSTRUCTIONS: COMPUTE DEPRECITION FOR ALL YEARS USING DOUBLE DECLING BALANCE(DDB) METHOD AND STREIGT LINE METHOD.
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