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Question 5 [20 points] On January 1, Zcom Inc. installed equipment in its factory at...

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Question 5 [20 points] On January 1, Zcom Inc. installed equipment in its factory at a cost of $120,400. The equipment's useful life was estimated at four years with a $10,000 trade-in value. Zcom Inc.'s year-end is December 31. Calculate annual depreciation under the straight-line and double-declining-balance methods and complete the following schedule for each year of the asset's estimated useful life (round to the nearest dollar) For simplicity, assume the equipment is depreciated as an individual item and will not be broken down into its parts and depreciated. Straight-Line Double-Declining-Balance Dep. Accum. Book Value Dep. Accum. Book Value Year Expense Dep. Dec. 31 Expense Dep. Dec. 31 ||2014 2015 2016 2017

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