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Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Sweet Acacia I ndustries Ltd a public company, presents you with
Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a)
Sweet Acacia I ndustries Ltd a public company, presents you with the fol lowing information: Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Description Machine A Machine B Machine C Date Purchased Dec. 2, 2022 Aug. 15, 2021 July 21, 2020 Cost $165,000 67,000 76,000 Residual Value $16,000 17,000 23,000 Life in Years 10 5 8 Depreciation Method Double-declining-balance Straight-line Double-declining-balance Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 $46,200 25,000 47,945 23,760 10,000 7,014
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