Machinery is purchased on May 15, 2009 for $50,000 with a $5,000 salvage value and...
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Accounting
Machinery is purchased on May 15, 2009 for $50,000 with a $5,000 salvage value and a five year life. The half year convention is followed. What method of depreciation will give the highest amount of depreciation expense in year 2?
Straight line
| Double declining balance |
| 150% declining balance |
| Amount cannot be determined |
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