Prepare a schedule showing the annual depreciation

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Reference no: EM131039079

On January 4 2013 Illinois company purchased new equipment for $550,000 that had a useful life of four years and salvage value of $50000. Prepare a schedule showing the annual depreciation and end of year accumulated depreciation for the first three years of the assets life under the straight line method, the sum of the years digits method and the double declining balance method.

Reference no: EM131039079

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