Question: Current Attempt in Progress Marigold Limited purchased anew computer system for $120,000. It is estimated that the computer will hawe an $9,340 residualvalue at the

 Current Attempt in Progress Marigold Limited purchased anew computer system for
$120,000. It is estimated that the computer will hawe an $9,340 residualvalue

Current Attempt in Progress Marigold Limited purchased anew computer system for $120,000. It is estimated that the computer will hawe an $9,340 residualvalue at the end of its 5-year useful service life. The double diminishing-balance method of depreciation will be used. Prepareardeprectationschedule that shiows the annuat depreciation expense on the computer for its 5 -year tife. (Hint: It might require an adjustment in the final year of depreciating an asset in order for the carrying amount to equal the residual value.) (Round onswers to Odecimal places, es. 5,275.) 4 ts 5 18

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