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Compute the depreciation expense under the declining-balance

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Reference no: EM132566608

Xanadu A/S purchased a new machine on October 1, 2020, at a cost of €96,000. The company estimated that the machine will have a residual value of €12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

Instructions

Question 1: Compute the depreciation expense under the following methods for the year indicated.

a. Straight-line for 2020.

b. Units-of-activity for 2020, assuming machine usage was 1,700 hours.

c. Declining-balance using double the straight-line rate for 2020 and 2021.

Reference no: EM132566608

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