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How do find annual depreciation for first and second years

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Reference no: EM132696767

Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life.

Problem 1: Compute annual depreciation for the first and second years using the Straight-line method.

Problem 2: Compute annual depreciation for the first and second years using the Double-declining-balance method

Reference no: EM132696767

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