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Prepare separate depreciation schedules for the machinery

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Question - Pina Corporation purchased machinery on January 1, 2022, at a cost of $274,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $32,400. The company is considering different depreciation methods that could be used for financial reporting purposes.

Required - Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate.

Reference no: EM133169038

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