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Prepare a complete depreciation table

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On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with a residual value of $5,000.

Problem a. Prepare a complete depreciation table under the two depreciation methods listed below.

1. Straight-line.

2. 200 percent declining-balance.

3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense.

Reference no: EM132630620

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