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Determine the depreciation by straight-line method

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Problem - Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31, 20Y5. Determine the depreciation for 20Y5 and for 20Y6 by (a) the straight-line method and (b) the doube-declining-balance method.

Reference no: EM132709483

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