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On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life...

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Accounting

On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000 with an estimated residual value of $7,000.

a-1. Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2015.

a-2. Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2015. (Round your final answers to the nearest whole number.)image

On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000 with an estimated residual value of $7,000 Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2015 Depreciation Accumulate Boo Year 2015 2016 2017 2018 2019 Expense Depreciation Value a- Prepare a complete depreciation table under the 200 percent declining-balance 2. method. Assume that a full year of depreciation was taken in 2015. (Round your final answers to the nearest whole number.) Year Depreciation Accum 2015 2016 2017 2018 2019 ulate Expense Depreciation Value

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