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Calculate the depreciation expense to be reported

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Reference no: EM132828019

BC Co. acquired equipment on January 1, 2020 for total landed cost of $100,000 and an estimated residual value of $10,000 at the end if the machine's useful life. BC Co. adopted a 30% declining balance depreciation policy.

Required:

problem 1: Calculate the depreciation expense to be reported in the income statement for the year ended December 31, 2021.

Reference no: EM132828019

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