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Compute and show the depreciation expense

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Question - On 1st January 20X1, YTL Engineering Pte Ltd purchased a piece of machinery for $400,000. The machinery has an 8 year expected useful life and a $27,000 expected residual value. Initially, YTL used double-declining balance depreciation. On 1st January 20X3, YTL changed to straight line depreciation. The expected useful life and residual value are unchanged. Compute and show the depreciation expense and NBV of the machinery for the year 20X1 to 20X8.

Reference no: EM133126100

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