Question: On April 1 2014 Cyclone s Backhoe Co purchases a trencher
On April 1, 2014, Cyclone’s Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense for both 2014 and 2015 assuming the company uses the double-declining-balance method.
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