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Determination of Acquisition Cost On January 1, 2012, Emming Corporation purchased some machinery. The machinery...

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Accounting

Determination of Acquisition Cost

On January 1, 2012, Emming Corporation purchased some machinery. The machinery has an estimated life of 10 years and an estimated residual value of $5,000. The depreciation on this machinery was $20,000 in 2014.

Required:

Compute the acquisition cost of the equipment under the following depreciation methods:

Straight-line $ Sum-of-the-years'-digits $ Double-declining-balance $

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