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Declining-balance at twice the straight line rate
Course:- Accounting Basics
Reference No.:- EM13981121

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Equipment purchased at the beginning of the fiscal year for \$360,000 is expected to have a useful life of 5 years, or 14,000 operating hours, and a residual value of \$10,000. Compute the depreciation for the first and second years of use by each of the following methods.

a. Straight-line: First year \$ Second year mce_markernbsp;

b. Units-of-production (1,200 hours first year; 2,250 hours second year): First year \$ Second year mce_markernbsp;

c. Declining-balance at twice the straight-line rate: First year \$ Second year \$

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