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March 30, 2015

Homework Help: accounting

Posted by shawna on Thursday, November 12, 2009 at 10:59pm.

1. A pressurized spray painter was purchased on April 1 of the fiscal year for $4,800. It has a useful life of 4 years and a residual value of $300. Determine depreciation expense for the first two years, assuming a fiscal year end of December 31 and using (a) the straight-line method and (b) the double-declining-balance method.

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