Calculate the depreciation expense for each year

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Case: Sheridan company acquires equipment at a cost of 44,100 on january 03, 2024. management estimate the equipment will have a residual value of 6,300 at the end of its 4 year useful life. assume that the company uses the diminishing balance method and that the diminishing balance depreciation rate is double the straight line rate.

Question: Calculate the depreciation expense for each year of the equipment life. December 2024, 2025, 2026, 2027

Reference no: EM133327533

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