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Check my work EYE WHVMUR Use the following information for the Exercises below. [The following...

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Accounting

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Check my work EYE WHVMUR Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1, Cyclone Co. purchases a trencher machine for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Exercise 10-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation 48,000 Depreciation Expenso 84.000 $ 196,000 Cost minus salvage Estimated useful life (years) 240,000 5 Annual Depreciation X Fraction of Yoar $ 48,000 9/12 $ 48,000 X 12/12 Year First year Second year

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