Question: QUESTION 8 Precision Corp. changed from the double-declining-balance method to straight-line method of depreciation in 2018. The change affects its precision machine purchased at the

QUESTION 8 Precision Corp. changed from the double-declining-balance method to straight-line

QUESTION 8 Precision Corp. changed from the double-declining-balance method to straight-line method of depreciation in 2018. The change affects its precision machine purchased at the beginning of 2016 at a cost of $100m. The machine has an expected useful life of five years and an estimated residual value of 52m. Use an annual double-declining-balance depreciation rate of 20%. What is the annual straight-line depreciation over the remaining 3 years? (5 marks) TT T Arial 3 (1200 T 25 Di et Save and Submit to save and submit. Click Save All Answers to save all answers. Save hp + 5 & 6 7 8 9

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