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On April 1, 2015, Syeds Backhoe Co. purchases a trencher for $300,000. The machine is...

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Accounting

On April 1, 2015, Syeds Backhoe Co. purchases a trencher for $300,000. The machine is expected to last five years and have a salvage value of $50,000. Compute depreciation expense for both 2015 and 2016 assuming the company uses the double-declining-balance method. Financial year is from 1 January to 31 December

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