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April 20, 2014

Homework Help: ACCOUNTING

Posted by yorkie16 on Saturday, August 22, 2009 at 2:59pm.

Same Day Service purchased a new steam press on January 1, for #35,000. It is expected to have a five year useful life and a $3,000 salvage value same day expects to use the steam press more extensively in the early years of its life.

1.Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation

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