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Q5. An equipment costs $12,000 and has a salvage value of $1200 at the end...

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Accounting

Q5.

An equipment costs $12,000 and has a salvage value of $1200 at the end of its 8year useful life. Prepare a year by year depreciation schedule using the double declining balance method.

Q6.

Compute the depreciation schedule on a truck purchased for $18,000 using MACRS. (recovery period is 5yrs)

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