Question: Depreciation calculation -any makes V. Depreciation (28 pts.) Version 1 a. On Oct. 1, 2019, X Co. (a calendar-year company) purchased a piece of equipment

Depreciation calculation

-any makes V. Depreciation (28 pts.) Version 1 a. On Oct. 1, 2019, X Co. (a calendar-year company) purchased a piece of equipment for $264,000. The equipment was expected to have a life of 10 years and a salvage value of $24,000. Determine the amount of depreciation expense for 2019 and 2020 for each of the following methods. (3 pts each) 2019 2020 Straight-line Double-declining balance Sum-of-the-years'-digits

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