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Whispering Winds Corp. purchased a boardroom table for $ 17,360. The company planned to keep...

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Accounting

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Whispering Winds Corp. purchased a boardroom table for $ 17,360. The company planned to keep it for four years, after which it v expected to be sold for $ 980 Your answer has been saved. See score details after the due date Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing- balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method Year 1 Year 2 Year 3 4095 4095 4095 (2) Double-diminishing-balance method Year 1 8680 Year 2 4340 Year 3 2170

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