Assuming bing uses sum-of-the-years-digits method

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Reference no: EM132066918

1. Bing Corporation purchases a new shoe machine costing $26,000 on Jan 10. The machine has an estimated life of 8 years with a residual value of $2,000. In year 3, what is the depreciation expense assuming Bing uses sum-of-the-years'-digits method?

2. The median yearly income in 2017-2018 for an older man/woman is $16,321.00. (1) Use this figure to develop a monthly budget. Think carefully about all of the items that need to be covered. (2) What expenses could not be covered in your budget? (3) List the ways low income might interfere with the quality of your life.

Reference no: EM132066918

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