5. The Hilton Company purchased equipment for $250,000 on September 1, 2017. The equipment has...
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Accounting
5. The Hilton Company purchased equipment for $250,000 on September 1, 2017. The equipment has an estimated service life of 6 years and an estimated residual value of $10,000.
Compute the depreciation expense for 2017 and 2018 using each of the following methods:
(Record answers to two decimal points)
straight line:
2017:
2018:
sum of the years digits:
2017:
2018:
Double declining Balance:
2017:
2018:
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