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Bramble Corporation purchased machinery on January 1,2025 ,...

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Accounting

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Bramble Corporation purchased machinery on January 1,2025 , at a cost of $300,000. The estimated usefut life of the machinery is 4 years, with an estimated salvage value at the end of that period of $35,000. The company is considering different depreciation methods that could be used for financial reporting purposes. (a) Prepare separate depreciation schedules for the machinery using the straight line method, and the declining-balance method using double the stralght-line rate

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