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The Hilton SkatIng Club used straight-IIne depreclaton for a used ZambonI Ice-resurfacing machIne that cost $44,000, under the assumption It would have a four-year life
The Hilton SkatIng Club used straight-IIne depreclaton for a used ZambonI Ice-resurfacing machIne that cost $44,000, under the assumption It would have a four-year life and a $5,100 trade-In value. After two years, the club determined that the Zambonl stlll had three more years of remaining useful life, after which it would have an estimated $3,880 trade-In value. Requlred: 1. Calculate the Zambonl's book value at the end of Its second year. 2. Calculate the amount of depreclation to be charged during each of the remaining years in the Zambonl's revised useful Ilfe
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