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Section: Q1. ACCT102 Company purchased an equipment for SR 147,000 to use in operating activities for the next four years. The company estimates the
Section: Q1. ACCT102 Company purchased an equipment for SR 147,000 to use in operating activities for the next four years. The company estimates the equipment's salvage value at SR 30,000. a. Prepare a table showing depreciation and book value for each of the four years assuming straight line depreciation method. (5 Points) b. Prepare a table showing depreciation and book value for each of the four years assuming double-declining depreciation method. (5 Points)
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