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Compute annual depreciation for the first and second years

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Reference no: EM132529656

Question - Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life.

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

(a) straight-line method.

(b) double-declining-balance method.

Reference no: EM132529656

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