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What is the yearly depreciation expense under the straight-line method? Perfect Pastries buys a display case for...

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Accounting

What is the yearly depreciation expense under thestraight-line method?

Perfect Pastries buys a display case for her bakery businesson January 1, 2019. The case cost $36,000 and is expected to beused for ten years. At the end of the ten years it is expected thatthe case can be sold for $4,000.

Compute the depreciation expense for the third year (2021) usingboth straight-line and double-declining-balance depreciationmethods.

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