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The Hilton Skating Club used straight line depreciation for a used Zamboni ce resurfacing machine that cost $48.500 under the assumption it would have a
The Hilton Skating Club used straight line depreciation for a used Zamboni ce resurfacing machine that cost $48.500 under the assumption it would have a four-year life and a $6,000 trade in value. After two years, the club determined that the Zambon still had three more years of remaining useful life after which it would have an estimated $4150 trade in value. Required: 1. Calculate the Zamboni's book value at the end of its second your Zombon's book valore 2. Calculate the amount of depreciation to be charged during each of the remaining years in the Zambon's revised usetu fe. Amount of depreciation
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