On April 5, 2013, Cook Company of Brandon bought equipment for $6,200. Its estimated life is five

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On April 5, 2013, Cook Company of Brandon bought equipment for $6,200. Its estimated life is five years with a residual value of $200. Prepare amortization schedules for 2013, 2014, and 2015 for
a. Straight-line.
b. Double-declining-balance at twice the straight-line rate.
c. Sum-of- the-years’-digits (optional) methods.
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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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