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What is the annual depreciation amount for the first year

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Reference no: EM133010401

Question - The Oakdale Country Club has purchased new merchandise display racks for the Pro Shop at a cost of $5,000. The life of the racks is five years with a $500 salvage value.

Required - What is the annual depreciation amount for the first year for both the straight-line method and the double declining balance method.

Reference no: EM133010401

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