On April 1, 2014, Mattson purchased new equipment at cost of $325,000. Useful life of the...

On April 1, 2014, Mattson purchased new equipment at cost of $325,000. Useful life of the equipment was estimated at 5 years, with residual value of $25,000.
Compute the annual depreciation expense for each year under each depreciation method listed below using half year convention method:
i. Straight- line method ( Using half year convention )

ii. 150% declining-balance method (Using full year convention)

iii. 200% declining balance method (Using half year convention method switching to straight line)

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ekkarill92 answered 1 year ago

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