Freedom co purchased a new machine on july 2 2010 at a

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Freedom Co. purchased a new machine on July 2, 2010, at a total installed cost of $44,000. The machine has an estimated life of five years and an estimated salvage value of $6,000. Calculate the accumulated depreciation and net book value of the machine at December 31, 2011, under each of the three methods.

1. Straight-line- Cost:44,000 What is the Accumulated depreciation? and Net book Value?

2. Double Declining Balance- Cost 44,000. What is the Accumulated depreciation? and Net book Value?

3. 150% Declining Balance - Cost 44,000. What is the Accumulated depreciation? and Net book Value?

Reference no: EM13604673

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