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Calculate the depreciation using declining-balance method

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Problem - Calculate the Depreciation using the Declining-Balance method.

LiquidHair Inc. buys an expensive machine for 50,000$. It will amortize it using the declining-balance method for 6 years. Its salvage value is 2,000$.

a) What is the depreciation expense for each year?

b) What is the total depreciation expense for the life of the asset?

Reference no: EM133094276

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