Various depreciation methods-two years

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Various depreciation methods--two years

On September 6, 2014, Mike farm purchased a new farm equipment for $400,000. The estimated life of the farm equipment was 20 years, with an estimated residual value of $40,000.

Compute the depreciation on this tugboat in 2014 and 2015 using the following methods. Apply the half-year convention. (If necessary, round to the nearest dollar.)

Reference no: EM13805726

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Various depreciation methods-two years : Compute the depreciation on this tugboat in 2014 and 2015 using the following methods. Apply the half-year convention. (If necessary, round to the nearest dollar.)

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