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Find depreciation expense using the double-declining-balance

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Pronghorn Company purchased machinery on January 1, 2017, for $100,000. The machinery is estimated to have a salvage value of $10,000 after a useful life of 8 years.

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Question 1: Compute 2017 depreciation expense using the double-declining-balance method.

Question 2: Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.)

Reference no: EM132570329

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