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How much depreciation expense should be recorded for year

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Reference no: EM133117877

Question - Kimberly-Clark Corp. purchased a machine on 03/27/2018 for $11,000. They estimate the salvage value to be $1,000 with a useful life of 4 years. The company has elected to use the Sum-of-the-Years'-Digits method.

Required -

1. What is the book value of the asset after it has been fully depreciated?

2. How much depreciation expense should be recorded for year 1 (2018)?

3. How much depreciation expense should be recorded for year 2 (2019)?

Reference no: EM133117877

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