Calculate the depreciation for the first two years

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Question a) Prepare a detailed analysis of the changes in each of the following statement of financial position accounts for 2017: Land, Land Improvements, Buildings, and Machinery and Equipment. Your analysis should begin with the balance at January 1, 2017 and end with the final balance at December 31, 2017. (Hint: Ignore the related accumulated depreciation accounts.)

Question b) Calculate the depreciation for the first two years, (use full year depreciation) on the equipment purchased in point 3, assuming it has a useful life of 10 years and it has a salvage value of $2,000 using; 1) Straight-line and 2) CCA

Reference no: EM132464115

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