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Hopen Manufacturing Bought a New Machine for $360,000

Question 75

Essay

Hopen Manufacturing bought a new machine for $360,000. It is expected to last for 5 years and have a salvage value of $30,000. Prepare a depreciation schedule using the 200% declining-balance method for the machine.
Hopen Manufacturing
Depreciation Schedule-Machinery
5-year, 200% declining-balance  End  Beginning  Deprec.  Ending  of  Book  Deprec.  for  Accum.  Book  Year  Value  Rate  the Year  Deprec.  Value (new )12345\begin{array}{llllll}\text { End } & \text { Beginning } & & \text { Deprec. } && \text { Ending } \\\text { of } & \text { Book } & \text { Deprec. } & \text { for } & \text { Accum. } & \text { Book } \\\text { Year } & \text { Value } & \text { Rate } & \text { the Year } & \text { Deprec. } & \text { Value } \\\hline\\&&&&&\text {(new )}\\1\\2\\3\\4\\5\end{array}


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new: $360,000
$360,000; 40%; $144,000; $...

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