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Vaughn Company purchased a new plant asset on April 1, 2025, at a cost of $756,000. It was estimated to have a service life
Vaughn Company purchased a new plant asset on April 1, 2025, at a cost of $756,000. It was estimated to have a service life of 20 years and a salvage value of $67,200. Vaughn' accounting period is the calendar year. (a) Compute the depreciation for this asset for 2025 and 2026 using the sum-of-the-years-digits method. (Do not round intermediate calculations. Round final answers to O decimal places, eg. 45,892) Depreciation for 2025 $ Depreciation for 2026 $
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