Find the declining-balance

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Point 1: (Depreciation Computations-Five methods) Jon Seceda Furnace Corp. purchased machinery for $315,000 on May 1, 2017. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 240,000 units, and working hours of 25,000. During 2018, Seceda Corp. uses the machinery for 2,650 hours, and the machinery produces 25,500 units.

Question 1: Find the Declining-balance (use 20% as the annual rate).

Reference no: EM132483546

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