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Straight-line vs. double declining balance method

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This is an exercise I am practicing and I need someone to correct it for me and tell me where I stand.

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Questions (also attached)

1. RichCo purchased machinery on 1/1/05 at a cost of $243,000. The estimated useful life is 5 years. The estimated salvage value is $12,000.

a. Using the straight-line method, depreciation expense will be?

b. Using the double declining balance method, depreciation expense will be?

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The following solution helps with a problem about accounting principles.

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