On May 13, 2014, Cabe Company bought equipment for $5,520. Its estimated life is 4 years with

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On May 13, 2014, Cabe Company bought equipment for $5,520. Its estimated life is 4 years with a residual value of $144. Prepare depreciation schedules for 2014, 2015, and 2016 for
(a) Straight-line
(b) Double declining-balance at twice the straight-line rate methods.
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