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Pronghorn Company purchased machinery on January 1, 2017, for $100,000. The machinery is estimated to have a salvage value of $10,000after a useful life of8years.
Pronghorn Company purchased machinery on January 1, 2017, for $100,000. The machinery is estimated to have a salvage value of $10,000after a useful life of8years.
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Compute 2017 depreciation expense using the double-declining-balance method.
Depreciation expense$
Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017.(Round answer to 0 decimal places, e.g. 5,125.)
Depreciation expense$
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