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Some special handling devices can be obtained for$20,000. At the end of 5 years, they can be sold for $2,000. Compute the depreciation schedule for the devices using the following methods:a) Straight line depreciation) Double declining balance depreciation)100% bonus depreciation) MACRS depreciation

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hyderali230

Answer:

Schedule is in the MS Excel file attached with this answer.

Explanation:

Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.

In double declining method the double depreciation is charged.

The asset is depreciated on the specified rate by the tax department based on the useful life of the asset.

All the working and schedule is made in an excel file attached with this answer, please find it.

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