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Question - Given that Twist Ltd purchased equipment on 1 January 2006 at cost of $33,000. Management expects the equipment to have a useful life of four years. At the end of four years, the estimated sale value of the equipment's is $3,000.
Required - Using the above information:
A. Calculate the straight line depreciation amount and complete the straight line depreciation schedule for 2006 to 2009. What is the ending book value year 2007? Accumulated depreciation amount in year 2008? Why the difference with the above methods?
From the schedule what is the ending book value year 2007?
The accumulated depreciation amount in year 2008?
B. Calculate the accelerated depreciation amount and complete the accelerated depreciation schedule for 2006 to 2009.
your client is planning to open her own architectural firm for the reasons discussed above. one of her concerns is the
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