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Compute the depreciation for this asset

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Question - Skysong Company purchased a new plant asset on April 1, 2017, at a cost of $824,760. It was estimated to have a service life of 20 years and a salvage value of $69,600. Skysong's accounting period is the calendar year.

Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method.

Compute the depreciation for this asset for 2017 and 2018 using the double-declining-balance method.

Reference no: EM131714866

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