Sandblasting equipment acquired at a cost of 86000 has an, Ask an Expert

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Sandblasting equipment acquired at a cost of $86,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31

Determine the depreciation for the current fiscal year and the following fiscal year by the double-declining-balance method.

Depreciation
Year 1 $
Year 2

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9982742

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