Question: 9. Intel Corporation's income statement (slightly modified) for the year of 2011 contains the following items (S in millions): Cost of Sales Net Sales

9. Intel Corporations income statement (slightly modified) for the year of 2011 contains the following items ( ( $ ) in m

9. Intel Corporation's income statement (slightly modified) for the year of 2011 contains the following items (S in millions): Cost of Sales Net Sales Revenue Research and Development Expenses Amortization of Intangibles Interest and Other Income Provision for Taxes Gains on Equity Investments Marketing, General and Administrative Expenses Required: Prepare a multiple-step Income Statement for Intel Corporation $ 20.242 53.999 8.350 260 192 4.839 112 7.670 10. A bottling machine that cost 250.000 was purchased on January 1, 20X5. The machine had estimated salvage value of 50.000, an anticipated life of 10 years. Calculate the amount of depreciation expense under double-declining balance method for the year 20X6.

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