For the purpose of switchover to straight line

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Reference no: EM131056822

A new desktop CNC Training Lathe has a list price of $19,800 and a 15-year estimated life. It is going to be placed in the Manufacturing Laboratory on January 1, 2017. The permissible salvage value of the lathe is zero at the end of 15 years. The double declining balance will be used for the depreciation schedule. For the purpose of switchover to straight line, write a complete depreciation schedule (show your work for both depreciation schedules) and recommend which method and year are appropriate for switchover purpose. A switchover can be made only once during the asset's life.

Reference no: EM131056822

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