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ABC COMPANY PURCHASED A NEW PIECE OF EQUIPMENT THAT COST $650,000 salvage or trade-in value...

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Accounting

ABC COMPANY PURCHASED A NEW PIECE OF EQUIPMENT THAT COST $650,000 salvage or trade-in value to be $75,000 and planning to use this equipment for 3 years. Please calculate depreciation using (a) straight-line method and (b) double-declining method for the 3 years.

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