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    Calculate Depreciation using 2 methods

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    A machine which cost $200,000 is acquired on October 1, 2010. Its estimated salvage value is $20,000 and its expected life is eight years.


    Calculate depreciation expense for 2010 and 2011 by each of the following methods, showing the figures used.
    (a) Double-declining balance
    (b) Sum-of-the-years'-digits

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    Response provides steps to Calculate Depreciation using 2 methods