Vaughn Manufacturing purchased a 777 aircraft on January 1, 2020 at a cost of $40,560,000....
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Vaughn Manufacturing purchased a 777 aircraft on January 1, 2020 at a cost of $40,560,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $6,084,000. Compute the accumulated depreciation and book value at December 31, 2022 using the straight-line method and the double-declining balance method Declining balance Straight line $ Accumulated depreciation 5171400 Book value 35388600
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