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thank you to whoever does this. You own a rollerblade rink and in the beginning of year one, purchased a floor cleaning machine. The cost
thank you to whoever does this.
You own a rollerblade rink and in the beginning of year one, purchased a floor cleaning machine. The cost of the Asset is $10,400, The salvage value is $600, and the estimated useful life is 8 years. Use Straight line depreciation for A-D, then use double declining method of depreciation for E-G. A. What will be the depreciation expense in Year 1. B. Based on A. Prepare the end of Year 1 Journal Entry for depreciation C. What will be the depreciation expense in Year 3? D. What will be the book value at the end of Year 3? Now use, double declining method. E. What will be the depreciation expense in Year 1. F. What will be the Depreciation expense in Year 2. G. What will be the book value at the end of Year 2 Step by Step Solution
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