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Jack jill inc purchased a new piece of machinery for

Problem

Jack & Jill inc. purchased a new piece of machinery for $300,000 on may 1, 2003. it is estimated that it wil have a useful life of 10 years, scrap value of $15,000, and working hours of 25,000. during 2004, jack & jill use the machine for 2700 hours. what is the depreciation expense for 2004 using the double declining balance method?

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Accounting Basics: Jack jill inc purchased a new piece of machinery for

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