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Depreciation by Two Methods Equipment acquired at the beginning of the fiscal year at a...

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Depreciation by Two Methods Equipment acquired at the beginning of the fiscal year at a cost of $360,000 has an estimated residual value of $45,000 and an estimated useful life of 10 years. a. Determine the amount of annual depreciation by the straight-line method b. Determine the amount of depreciation for the first and second years computed by the double- declining-balance method Depreciation Year 1 Year 2

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