(Solution Download) Exercise 11-1 Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of \$501,830. T

Exercise 11-1

Deluxe Ezra Company purchases equipment on January 1, Year 1, at a

cost of \$501,830. The asset is expected to have a service life of

12 years and a salvage value of \$42,800.

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Compute the amount of depreciation for Years 1 through 3 using

the straight-line depreciation method. (Round answer to

0 decimal places, e.g. \$45,892.)

 Straight-line method depreciation \$

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Compute the amount of depreciation for each of Years 1 through

3 using the sum-of-the-years'-digits method. (Round

answers to 0 decimal places, e.g. \$45,892.)

 Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$

{C}

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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 answers

to 0 decimal places, e.g. 45,892.)

 Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$

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