=+E7-11 Partial-year depreciation Obj 2 / a. First year, $1,250 Sandblasting equipment acquired at a cost of
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=+E7-11 Partial-year depreciation Obj 2
/
a. First year, $1,250 Sandblasting equipment acquired at a cost of $68,000 has an estimated residual value of $18,000 and an estimated useful life of 10 years. It was placed in service on October 1 ofthe current fis¬
cal year, which ends on December 31. Determine the depreciation for the current fiscal year and for the following fiscal year by
(a) the straight-line method and
(b) the double-declining-balance method.
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