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use that for fraction of year^ use it for partial year too Required information [The following information applies to the questions displayed below.) On April
use that for fraction of year^
use it for partial year too
Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line metho Choose Numerator: Choose Denominator Annual Depreciation Annual depreciation 0 Depreciation Expense Year Annual Depreciation Fraction of Year First year Second year x JI DI UTE ISI and second year assuming pped Choose Numerator: Choose Denominator: Annual Depreciatia Book 11 Annual depreciation tint = Year Ask Fraction of Year 10 Beginning book value Depreciation Expense ta First year Second year erences Cost Cost minus salvage at December 31 for the first and second year assuming the compar Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation ear Annual Depreciation X Depreciation Expense Double the SL rate st year and year Estimated units of production X Estimated useful life (years) THE nual Depreciation X 0 Fraction of Year Depreciation Expense X X 1/12 2/12 3/12 4/12 5/12 CA X. Expense 6/12 7/12 8/12 9/12 10/12 11/12 Expense BER X 8/12 9/12 10/12 11/12 12/12 Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double- declining-balance method. (Enter all amounts as positive values.) End of Period Depreciation for the Period Depreciation Partial Depreciation Rate Year Expense Accumulated Depreciation Book Value Beginning of Annual Period Period Book Value Year 1 Year 2 Step by Step Solution
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