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Compute depreciation expense using the double-declining

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Sheffield Company purchased machinery on January 1, 2017, for $94,400. The machinery is estimated to have a salvage value of $9,440 after a useful life of 8 years.

Question 1: (a) Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.)

  • Depreciation expense

 

Reference no: EM132463447

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