Calculate depreciation expense for 2012 and 2013 by each of, Ask an Expert

Accounting

A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000 and its expected life is eight years.

Instructions:

find out depreciation expense for 2012 and 2013 by each of the following methods, showing the figures used.

(a) Double-declining balance

(b) Sum-of-the-years'-digits

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M956340

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