Exercise 9.4 (Algo) Depreciation Methods (LO9-3) On January 2, 2021, Jatson Corporation acquired a new...
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Exercise 9.4 (Algo) Depreciation Methods (LO9-3) On January 2, 2021, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $70,000 with an estimated residual value of $6,000. a-1. Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2021. a-2. Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2021. a-3. Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in
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