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The National Theatre purchased a new projector costing $130,000 on January 1, 2019. Because of changing technologies, the projector is estimated to last 5 years
The National Theatre purchased a new projector costing $130,000 on January 1, 2019. Because of changing technologies, the projector is estimated to last 5 years after which it will be obsolete and have a salvage value of $4,000 as a collectors' item. Compute the depreciation expense for 2019 using: a) The straight-line method (4 pts) b) Double-declining-balance method (5 pts) 12pt Paragraph B
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