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Compute the depreciation in year one

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Reference no: EM133185492

Question - On January 2, 2021, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000 with an estimated residual value of $20,000.

Assume the company follows 200% declining balance method. Assume that a full year of depreciation was taken in 2021. Compute the depreciation in year one?

Reference no: EM133185492

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