Prepare a complete depreciation schedule

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Reference no: EM13755296

Swanson & Hiller, Inc., purchased a new machine on September 1, 2012 at a cost of $108,000. The machine’s estimated useful life at the time of the purchase was five years, and its residual value was $8,000.

Instructions

a-1.

Prepare a complete depreciation schedule, beginning with calendar year 2012, using the straight-line method. (Assume that the half-year convention is used).

Reference no: EM13755296

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