Jared Industries Ltd. presents you with the following information: Instructions Complete the table for the year ended
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Instructions
Complete the table for the year ended December 31, 2015. The company depreciates all assets for a half year in the year of acquisition and the year of disposal.
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Accumulated Date Residual Life in Depreciation Depreciation to Depreciation Description Purchased Cost Machine A Machine B Aug. 15, 2012 Machine C July 21, 2011 Years MethodDec. 3, 2014 2015 Dec. 2, 2013 $142,500 $16,000 10 $39,900 29,000 21,000 75,400 23,500 5 Straight-line 8 Double- declining- balance
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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