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What effect of declining balance method on waller company

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Reference no: EM132545500

Waller Company purchased equipment for $24,000. The company is considering whether to determine annual depreciation using the straight-line method or the declining-balance method at 150 percent of the straight-line rate. Waller expects to use the equipment for 10 years, at the end of which it will have an estimated salvage value of $4,000.

Requirement:

Question a) Prepare comparison of these two alternatives for the first two years Waller will own the equipment.

Question b) What will the effect of declining balance method on Waller company earning?

Reference no: EM132545500

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