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Amwaj Indstrial Co, purchased an equipment for $360,000 on 1 Jan 2020. It is estimated...

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Accounting

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Amwaj Indstrial Co, purchased an equipment for $360,000 on 1 Jan 2020. It is estimated that the equipment will have a 10 year Me 175.000 pins life and its salvage value at the end of useful life is estimated as $10.000 Required: Compute the depreciation expense for the year ended December 31, 2020, using the following methods of depreciation. Please SHOW YOUR CALCULATIONS); 1. Straight-line method of depreciation, 2. Units-of-production method of depreciation assuming that the company produced 44,000 units in 2020 3. Double-declining-balance method of depreciation. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B I y s Paragraph Arial 10pt I. X - x x 1 * 2 A + +] r ED ESSBE) WORDS POWO

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