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PROBLEM 9.2A Comparison of Straight line and Accelerated Methods LO9-3 6.109.50 Swanson de Hitler, Inc., purchased a new machine on September of the current year
PROBLEM 9.2A Comparison of Straight line and Accelerated Methods LO9-3 6.109.50 Swanson de Hitler, Inc., purchased a new machine on September of the current year at a cent of S108,000. The machines estimated useful life at thie tive of the purchase was five years, and its residual value was $8,000. The company reports on a calendar year basis Instructions a. Prepare a complete depreciation schedule, beginning with the current year, under each of the following methods kated (assume that the half-year convention is used) 1. Straight-line 2. 200 perce socling-balance 3.50 percent declining-bulance witching to traphone when that the expense th. Which of the three methods computed in part is most comww final reporting preskupton c. that Swann & Hiller set the machine andere on your for 20.000 cash Compute the resulting pain or low from this under her the depreciation methods that or loss reported in the nyince and en direct cash Exp
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