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Required information Skip to question [The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-declining-balance method. (Enter all amounts as positive values.)
Depreciation in Saved Help Save & Exit Submit Check my work 10 Part 2 of 2 Required information The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. 10 points eBook Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-declining balance method (Enter all amounts as positive values.) Hint Print Heferences Beginning of Annual Period Porlod Book Value Year 1 Year 2 Depreciation for the Period End of Period Depreciation Partial Depreciation Accumulated Rate Year Expense Depreciation Book Value $ 05 0 s 0 $ 0 MC GEW Hall Prev 10 of 10 Next
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