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Prepare five-year depreciation schedule for the machinery

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Reference no: EM132564420

Beta Company produces a variety of coverings for electrical wiring. On January 1, 2020 it acquired new production equipment at a cost of $350,000. The machine has an expected life of five years and an estimated salvage value of $50,000.

Required:

Question 1. Prepare five-year depreciation schedule for the machinery under:

a. Straight-line method.

b. Reducing-balance method.

Reference no: EM132564420

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