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QUESTION
On September 5th , 2009 Apollo purchased equipment costing $40,000 with an estimated life of 6 years and an estimated salvage value of $4,000.
On September 5th , 2009 Apollo purchased equipment costing $40,000 with an estimated life of 6 years and an estimated salvage value of $4,000. Compute the depreciation expense Apollo would recognize on this equipment in 2009 assuming. a. Straight-Line depreciation rounding fractional time to the nearest monthb. Declining balance at 200% rate using the half year convention
