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Compute the amount of depreciation for each of years

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Cheryl Dillon Company purchases equipment on January 1, Year 1 at a cost of $469,000. The asset is expected to have a service life of 12 years and a salvage value of $40,000.

Compute the amount of depreciation for each of Years 1 through Years 3 using the straight-line depreciation method and the double declining balance method.

Reference no: EM131017859

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