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On 112011 abc company purchased a piece of equipment

Question - On 1/1/2011, ABC Company purchased a piece of equipment costing $90,000. The equipment is expected to have a useful life equal to 5 years and a salvage value equal to $10,000.

What is the depreciation expense for each for the following years using

1. straight-line depreciation method

2. sum-of-years'-digits' method?

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Accounting Basics: On 112011 abc company purchased a piece of equipment

Reference No:- TGS02390170

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Accounting Basics: On 112011 abc company purchased a piece of equipment

Reference No:- TGS02390170

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