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Question 1 ABC Company purchased a new equipment on January 1, 20X1 for $104 million. The estimated useful life is ten years and the residual

Question 1 ABC Company purchased a new equipment on January 1, 20X1 for $104 million. The estimated useful life is ten years and the residual value is $4 million. 1. Compute depreciation expense for year 201 and 202 a. Using straight line method b. Using double declining balance method

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