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Question: Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of \$469,000. The asset is…
Hire Professionals Just from \$11/Page Show transcribed image text Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of \$469,000. The asset is expected to have a service life of 12 years and a salvage value of \$40,000 Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to o decimal places, e g. 5, 125.) Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$ Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method. Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$ Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, e.g. 15.84%. Round decimal places, e.g.45, 892, ) Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$

Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of \$469,000. The asset is expected to have a service life of 12 years and a salvage value of \$40,000 Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to o decimal places, e g. 5, 125.) Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$ Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method. Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$ Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, e.g. 15.84%. Round decimal places, e.g.45, 892, ) Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$

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