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Calculate the depreciation expense

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Question - A machine cost $500,000 on April 1, 2008. Its estimated salvage value is $50,000 and its expected life is eight years.

Calculate the depreciation expense (to the nearest dollar) by each of the following methods, showing the figures used on a separate Excel spreadsheet as directed on the Problem Set 3 directions.

a. Straight-line for 2008

b. Double-declining balance for 2009

c. Sum-of-the-years'-digits for 2009

Reference no: EM131782440

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