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Required information Exercise 7-10A Determine depreciation for the first year under three methods (L07-4) [The following information applles to the questions displayed below) Super Saver

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Required information Exercise 7-10A Determine depreciation for the first year under three methods (L07-4) [The following information applles to the questions displayed below) Super Saver Groceries purchased store equipment for $26,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $2,500. During the 10-year period, the company expects to use the equipment for a total of 10,000 hours. Super Saver used the equipment for 1,650 hours the first year, Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediate calculations.) Exercise 7-10A Part 2 2. Double-declining balance, Depreciation expense

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