On january 2 2011 jansing corporation acquired a new

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On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $60,000 with a residual value of $4,100.

a-1.Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2011.

a-2.Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2011.

a-3.Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in 2011.

Reference no: EM13485121

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