1. (30% Marks) What is the depreciation amounts and the book values (for each of...
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Accounting
1. (30% Marks) What is the depreciation amounts and the book values (for each of the years) using mid-year convention for a heavy-duty air compressor of $35,000 with an asset life of 7 years using the MACRS method (combination of 150% declining balance and straight-line method). Installation cost for the compressor was $3900
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