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CP7--submit in Canvas USE THIS DATA FOR ALL QUESTIONS: The company purchased a...

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Accounting

CP7--submit in Canvas
USE THIS DATA FOR ALL QUESTIONS:
The company purchased a fleet of mowers for $500,000
and they estimated the residual value to be $70,000 at
the end of the estimated service life of 10 years.
For Straight-line depreciation method:
Determine Book value at the end of year 3
$
For Double declining balance depreciation method:
Determine depreciation expense for year 2
?
Determine depreciation expense for year 3
$
*-
For Activity based depreciation method:
Management estimated the machine's service life would
be 344,000 hours; following is the activity for the first 3
years:
Determine depreciation expense for year 3
image

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