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On January 2, 2011, XYZ Company acquired a new machine with an estimated useful life of five years. The cost of the equipment was $70,000 with a residual value of $10,000. Calculate Depreciation rate and Prepare a complete depreciation table under. 1. Straight-line. 2. 200 percent declining-balance. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense.On January 2, 2011, XYZ Company acquired a new machine with an estimated useful life of five years. The cost of the equipment was $70,000 with a residual value of $10,000. Calculate Depreciation rate and Prepare a complete depreciation table under. 1. Straight-line. 2. 200 percent declining-balance. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense.
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On January 2, 2011, XYZ Company acquired a new machine with an estimated useful life of five years. The cost of the equipment was $70,000 with a residual value of $10,000. Calculate Depreciation rate and Prepare a complete depreciation table under. 1. Straight-line. 2. 200 percent declining-balance. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense.On January 2, 2011, XYZ Company acquired a new machine with an estimated useful life of five years. The cost of the equipment was $70,000 with a residual value of $10,000. Calculate Depreciation rate and Prepare a complete depreciation table under. 1. Straight-line. 2. 200 percent declining-balance. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense.
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