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Compute the depreciation for the straight-line method

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Mayr Inc. purchased a machine for its factory on June 6, 2019 for $110,000. The machine is expected to have an estimated useful life of ten years with a salvage value of $10,000. Assume the company uses the ½ year rule to calculate depreciation expense in the year of acquisition and disposal.

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Question 1: Compute the depreciation for 2019 and 2020 using 1. The straight-line method 2. The double-declining balance method.

Reference no: EM132484665

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