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Compute double-declining-balance depreciation expense

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Question - At the beginning of the year, Shamrock Unlimited bought three used machines. The machines immediately were 1.94 overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below.

Cost of the asset $10,200

Installation costs 920

Renovation costs prior to use 960

Repairs after production began 750

Required - Compute years 1 and 2 double-declining-balance depreciation expense for Machine C, which has a cost of $26,600, an estimated Print life of 10 years, and $1,400 residual value.

Reference no: EM133107916

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