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Question text Computing Depreciation Expense. Equipment costing $580,000, with an expected scrap value of $60,000 and an estimated useful...

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Accounting

Question text

ComputingDepreciation Expense.
Equipment costing $580,000, with an expected scrap value of $60,000and an estimated useful life of 5 years, was purchased on January1, 2012.

Calculate thedepreciation expense for years 2012 to 2016 using: (a) thestraight-line method and (b) the double-declining-balancemethod.

Round to the nearestwhole number.

20122013201420152016
Straight-linedepreciation$Answer


$Answer


$Answer


$Answer


$Answer


Double-declining balance
(a) withoutstraight-line switch-over$Answer


$Answer


$Answer


$Answer


$Answer


(b) withstraight-line switch-over$Answer


$Answer


$Answer


$Answer


$Answer

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