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Wildhorse Co. purchased a 777 aircraft on January 1, 2020 at a cost of $40,680,000. The estimated useful life of the aircraft is 20
Wildhorse Co. purchased a 777 aircraft on January 1, 2020 at a cost of $40,680,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $6,102,000. Compute the accumulated depreciation and book value at December 31, 2022 using the straight-line method and the double- declining-balance method. Straight-line Accumulated depreciation $ Book value Declining-balance 5,186,700 $ 35,493,300 $ 222
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