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Windsor Inc. purchased machinery on January 1, 2017, for $112,800. The machinery is estimated to have a salvage value of $22,800 after a useful life
Windsor Inc. purchased machinery on January 1, 2017, for $112,800. The machinery is estimated to have a salvage value of $22,800 after a useful life of 6 years. a) Compute the amount of depreciation for each of Years 1 and 2 using the double-declining-balance method b) Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on April 1, 2017.
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