How much depreciation expense must be recorded by coy for, Ask an Expert

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Q1) Freedom Co. bought a new machine on July 2, 2008, at total installed cost of 44,000. Machine has evaluated life of 5 yrs and an estimate salvage value of 6,000. How much depreciation expense must be recorded by coy for its fiscal year ended Dec31, 2008, under each of three methods? Note machine will have been used for one-half of its first year of life.

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Category:- Accounting Basics
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