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What is depreciation expense for the asset in third year

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Question 1. One of your competitors also bid on the project. Based on the same request for quotation and t-shirt specifications from Pearson their bid price 20% lower than yours. Explain how both you and the competition could have come up with such a difference in bid prices.

Question 2. Your company bought an asset for $400,000. It is expected to last 8 years with no salvage and has a CCA rate of 30%. What is the depreciation expense for the asset in the 3rd year using;

a) Straight-Line Depreciation Method
b) Declining Balance Method

Reference no: EM132873174

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