Question: Basic information relating to a new machine purchased by Downing Company is presented in E9-5. Instructions Using the facts presented in E9-5, compute depreciation using
Instructions
Using the facts presented in E9-5, compute depreciation using the following methods in the year indicated.
(a) Declining-balance using double the straight-line rate for 2010 and 2011.
(b) Units-of-activity for 2010, assuming machine usage was 2,900 hours.
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