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The Hilton Skating Club used straight-line depreciation for a used Zamboni ice-resurfacing machine that cost $51,000, under the assumption it would have a four-year
The Hilton Skating Club used straight-line depreciation for a used Zamboni ice-resurfacing machine that cost $51,000, under the assumption it would have a four-year life and a $6,500 trade-in value. After two years, the club determined that the Zamboni still had three more years of remaining useful life, after which it would have an estimated $4,300 trade-in value Required: 1. Calculate the Zamboni's book value at the end of its second year. Zamboul's bouk value 2 Calculate the amount of depreciation to be charged during each of the remaining years in the Zamboni's revised useful life. Amount of depreciation
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