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Exercise 9.4 Depreciation Methods L.O. 3 On January 2, 2009, Jansing Corporation acquired a new… 1 answer below » Exercise 9.4 Depreciation Methods L.O. 3 On January 2, 2009, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with a residual value of $5,000. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. (3) 150% Declining-Balance Schedule Depreciation Accumulated Year Expense Depreciation 2009 $ $ 2010 2011 2012 2013 Book Value Document Preview: Exercise 9. View complete question » Exercise 9.4 Depreciation Methods L.O. 3 On January 2, 2009, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with a residual value of $5,000. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. (3) 150% Declining-Balance Schedule Depreciation Accumulated Year Expense Depreciation 2009 $ $ 2010 2011 2012 2013 Book Value Document Preview: Exercise 9.4 Depreciation Methods L.O. 3
On January 2, 2009, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with a residual value of $5,000.
3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense.
(3) 150% Declining-Balance Schedule
Year
Depreciation Expense
Accumulated Depreciation
Book Value
2009
$
$
2010
2011
2012
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