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Question 1 (13 points): A company purchases an equipment for $75,000. The useful life of the equipment is 5 years, and it has no salvare

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Question 1 (13 points): A company purchases an equipment for $75,000. The useful life of the equipment is 5 years, and it has no salvare value at-the-end of five-year period. The company uses straight-line depreciation method for financial reporting purposes and it uses accelerated method (double-declining method) for tax purposes. a. Fill the depreciation table using straight-line method for financial reporting purposes. [2 points) Ending book Year Beginning book value Depreciation value 2 3 4 5 b. Fill the depreciation table using double-declining method for tax purposes. (Show your calculation like NB-C or (A+B)/C-D etc.) (5 points) Ending book value Beginning book value Deprecation Year 1 2 Alw

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