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Use the Dynamic Exhibit to answer the following question: 1. Fill in depreciation expense in year 3 under each depreciation method when residual value is
Use the Dynamic Exhibit to answer the following question:
1. Fill in depreciation expense in year 3 under each depreciation method when residual value is $30,000 and useful life is 3 years:
Depreciation method | |
Straight-line | |
Units-of-Output | |
Double-declining |
2. Fill in the book value at the end of year 1 under each depreciation method when residual value is $36,000 and useful life is 4 years:
Depreciation method | |
Straight-line | |
Units-of-Output | |
Double-declining |
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