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Complete the balance depreciation tables

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Complete the straight-line and double-declining-balance depreciation tables below using the following:

Equipment Cost          $280,000

Residual Value            5,000

Life                            5 years                                                                                  

Assume that the equipment in problem 1 is to be depreciated using the units-of-output method with a life estimate of 100,000 hours.  Record the depreciation for the year if the equipment was actually used 23,000 hours.

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Reference no: EM131611357

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