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Compute depreciation in the year indicated

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Reference no: EM132201901

Question - Blossom Company purchased a new machine on October 1, 2017, at a cost of $91,300. The company estimated that the machine has a salvage value of $8,600. The machine is expected to be used for 62,700 working hours during its 8-year life.

Compute depreciation using the following methods in the year indicated.

(a) Declining-balance using double the straight-line rate for 2017 and 2018.

Reference no: EM132201901

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