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Machinery Is Purchased on July 1 of the Current Fiscal

Question 18

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Machinery is purchased on July 1 of the current fiscal year for $240,000.It is expected to have a useful life of four years,or 25,000 operating hours,and a residual value of $15,000.Compute the depreciation for the last six months of the current fiscal year ending December 31 by each of the following methods:​ Machinery is purchased on July 1 of the current fiscal year for $240,000.It is expected to have a useful life of four years,or 25,000 operating hours,and a residual value of $15,000.Compute the depreciation for the last six months of the current fiscal year ending December 31 by each of the following methods:​

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