WILL RATE: Exercise 11-01 Whispering Company purchases equipment on January 1, Year 1,...
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WILL RATE:
Exercise 11-01 Whispering Company purchases equipment on January 1, Year 1, at a cost of $534,000. The asset is expected to have a service life of 12 years and a salvage value of $48,060. X Your answer is incorrect. Try again. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1 161980 Depreciation for Year 2 161980 Depreciation for Year 3 161980 LINK TO TEXT Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, e.g. 15.84%. Round answers to 0 decimal places, e.g. 45,892.) Depreciation for Year 1 $4 18960 Depreciation for Year 2 12,460 Depreciation for Year 3 6230 Open Show Work Click if you would like to Show Work for this
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