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SBS Company purchased a new machine on January 1, at a cost of $420,000. The machine has an expected useful life of four years and
SBS Company purchased a new machine on January 1, at a cost of $420,000. The machine has an expected useful life of four years and an expected salvage value of $40,000. The company expects to use the machine for 1,300 hours in the first year, 1,900 hours in the second year, and 900 hours in the third and fourth year, respectively.
(b) Calculate Depreciation Expenses for each year using Double-Declining-Balance Method
A working table is provided on the next page.
Year | Depreciation Expenses |
1 | $ |
2 | $ |
3 | $ |
4 | $ |
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