A machince cost 500000 is acquired on october 1 2016 it is, Financial Accounting

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A machince cost 500000 is acquired on october 1 2016 it is

A machince cost $500,000 is acquired on October 1, 2016. It is estimated salcage value is $50,000 and its expected life is 8 years.

1. Calculate depreciation expense for 2016 and 2017 by each of the following methods, showing the figures above

A. Double- declining balance

B. Sum of the year digits

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Financial Accounting: A machince cost 500000 is acquired on october 1 2016 it is

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Financial Accounting: A machince cost 500000 is acquired on october 1 2016 it is

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