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Compute annual depreciation for the first and second years

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Reference no: EM132471706

Problem - Duncan Company purchased a machine at a cost of $60,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life.

Required - Compute annual depreciation for the first and second years using the

(a) Straight-line method.

(b) Double-declining-balance method.

Reference no: EM132471706

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