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What is the balance to be forwarded to the third year

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Reference no: EM132659495

An item with a $20,500 purchase price is to be depreciated over 12 years.

Question 1: What is the amount of the 2nd year of depreciation using the Straight Line Method?

Question 2: What is the amount of the 2nd year of depreciation using the Double Rate Declining Balance Method?

Question 3: What is the balance to be forwarded to the 3rd year?

Reference no: EM132659495

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