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Sunland Company purchased a new machine on October 1, 2017, at a cost of $90,000. The company estimated that the machine has a salvage value
Sunland Company purchased a new machine on October 1, 2017, at a cost of $90,000. The company estimated that the machine has a salvage value of $7,100. The machine is expected to be used for 66,200 working hours during its 8-year life.
Compute depreciation using the following methods in the year indicated.
(a) Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125)
Depreciation using the Declining-balance method 2017= 2018=
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