Calculate depreciation for the first year

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Question - The cost of an asset is $1,130,000?, and its residual value is $300,000. Estimated useful life of the asset is eight years. Calculate depreciation for the first year using the double-declining-balance method of depreciation.

Reference no: EM133026256

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Calculate depreciation for the first year : The cost of an asset is $1,130,000?, and its residual value is $300,000. Estimated useful life of the asset is eight years. Calculate depreciation
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