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Calculate Depreciation using 2 methods

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.

Instructions

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

Solution Summary

Response provides steps to Calculate Depreciation using 2 methods

$2.19