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Question - Declining balance depreciation

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Reference no: EM132602821

Question - Declining balance depreciation

On July 6, 2014, Grayson purchased new machinery with an estimated useful life of 10 years. The cost of the equipment was $80,000, with a residual value of $8,000.

Compute the depreciation on this machinery in 2014 and 2015 using each of the following methods.

Reference no: EM132602821

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