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Compute the annual depreciation expense

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Reference no: EM132009985

Question - On January 3, 2015 Werner Engineering purchased new equipment with an estimated useful life of five years cost of the equipment was $360,000 and residual salvage was estimated to be $36,000.

Instructions:

Compute the annual depreciation expense throughout the five years of the equipment under each of the following methods of depreciation:

a. Straight-Line

b. Double-declining-balance

Reference no: EM132009985

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