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Emming corporation purchased some machinery

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On January 1, 2009, the Emming Corporation purchased some machinery. The machinery has an estimated life of 10 years and an estimated residual value of $5,000. The depreciation on this machinery was $20,000 in 2011.


Required:
Compute the acquisition cost of the equipment under the following depreciation methods:1. Straight line2. Sum-of the years' digits3. Double declining balance 

Reference no: EM13866297

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