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Calculate depreciation expense using DDB

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Reference no: EM132898309

Question - Tilly Company purchased a machine for $300,000. It is expected to have a useful life of 5 years and salvage value of 100,000 at that time. The date of purchase was Jan 1, 2018 and the company uses the half year method.

1. Calculate depreciation expense for 2018 and for 2019 using straight line depreciation.

2. Calculate depreciation expense for 2018 and 2019 using DDB.

Reference no: EM132898309

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