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Ayayai Company purchased a new plant asset on April 1, 2017, at a cost of...

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Accounting

Ayayai Company purchased a new plant asset on April 1, 2017, at a cost of $718,110. It was estimated to have a service life of 20 years and a salvage value of $60,600. Ayayais accounting period is the calendar year.

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Ayayai Company purchased a new plant asset on April 1, 2017, at a cost of $718,110. It was estimated to have a service life of 20 years and a salvage value of $60,600. Ayayai's accounting period is the calendar year Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 Depreciation for 2018 LINK TO TEXT Compute the depreciation for this asset for 2017 and 2018 using the double-declining-balance method. (Round answers to 0 decimal places, e.g. 45,892) Depreciation for 2017 Depreciation for 2018 Click if you would like to Show Work for this question: Open Show Work

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