SunlandCompany purchased machinery on January 1, 2020, for $90,400. The machinery is estimated to have a salvage
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SunlandCompany purchased machinery on January 1, 2020, for $90,400. The machinery is estimated to have a salvage value of $9,040after a useful life of8years.
- Compute 2020 depreciation expense using the double-declining-balance method.
Depreciation expense $________
- Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020.(Round answer to 0 decimal places, e.g. 5,125.)
Depreciation expense $________
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