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[ This problem is a continuation of P 1 0 - 3 in Chapter 1 0 focusing on depreciation. ] Main content For each asset
This problem is a continuation of in Chapter focusing on depreciation.
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For each asset classification, prepare a schedule showing depreciation for the year ended December using the following depreciation methods and useful lives:
Land improvementsStraight line; years
Building declining balance; years
EquipmentStraight line; years
AutomobilesUnitsofproduction; $ per mile
Depreciation is computed to the nearest month and whole dollar amount, and no residual values are used. Automobiles were driven miles in
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