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Suppose that Sunland purchased a new machine on October 1 , 2 0 2 5 at a cost of $ 2 7 0 , 4
Suppose that Sunland purchased a new machine on October at a cost of $ The company estimated that the machine has a salvage value of $ The machine is expected to be used for working hours during its year life.
Compute depreciation using the following methods in the year indicated.
a
Your answer is correct.
Straightline for and assuming a December yearend.
Straightline method
$
$
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b
Decliningbalance using double the straightline rate for and
Decliningbalance method
$ $
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