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Skyes, Inc., purchased a new piece of equipment with a cost of $ 4 3 , 6 0 0 and a $ 6 , 0

Skyes, Inc., purchased a new piece of equipment with a cost of $43,600 and a $6,000 residual
value and placed it into service on April 1, Year 1. The equipment was installed at an additional
cost of $3,400. The estimated life of the equipment is 8 years.
Complete Skyes's calculations of depreciation expenses for the asset in Year 1 and Year 2
using the information above. Enter the appropriate amounts in the designated cells below.
Enter all amounts as positive values. Round all amounts to the nearest dollar.
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