The camera cost 9000 and is expected to last four years., Ask an Expert

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Fairfolk Credit Union purchased a video surveillance camera for security purposes at the beginning of 2008. The camera cost $9,000 and is expected to last four years. Assume that the camera has a salvage value of 900. Calculate Fairfolk's 2008 depreciation expense relating to the camera, using the double-declining balance method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9431855

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