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Compute the amount of depreciation

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Question - Windsor Company purchases equipment on January 1, Year 1, at a cost of $553,420. The asset is expected to have a service life of 12 years and a salvage value of $47,200.

Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method.

Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years‘-digits method.

Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method.

Reference no: EM132187658

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