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Whispering Winds Corp. purchased a boardroom table for $ 17,360. The company planned to keep it for four years, after which it was expected to
Whispering Winds Corp. purchased a boardroom table for $ 17,360. The company planned to keep it for four years, after which it was expected to be sold for $ 980 Calculate the depreciation expense for each of the first three years under the straight-line method and the double- diminishing-balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method Year 1 Year 2 Year 3 (2) Double-diminishing-balance method. Year 1 Year 2 Year 3
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