Question: Use the information for Odyssey Ltd in BEll 5 In exercise Odyssey

Use the information for Odyssey Ltd. in BEll-5.
In exercise
Odyssey Ltd. purchased machinery on January 1, 2014, for $60,000. The machinery is estimated to have a residual value of $6,000 after a useful life of eight years.
(a) Calculate the 2014 depreciation expense using the sum of- the-years'- digits method.
(b) Calculate the 2014 depreciation expense using the sum-of-the-years'-digits method, but assuming the machinery was purchased on April 1, 2014.

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  • CreatedSeptember 18, 2015
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