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Compute the depreciation expense under declining-balance

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Question - Flounder Company purchased a new machine on October 1, 2020, at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for 10,000 working hours during its 4-year life. Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021.

Reference no: EM132701049

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