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Plant, Property & Equipment (LLS 8) Altuve Inc. purchased a machine at the beginning of 2018 for $80,000. Altuve incurred $1,

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Double Decline methode Depreciation As Per Straight line method 294833.33 Rate of Depreciation Depreciahon x 100 24333.33 CosStraight line method. Book value of Asset - 80000 + 1000+2000. - 83000 Since All costs Inussed for putting Asset Ready to use(6 usage method :- Depreciation orginal Value - Residual value & units Production capacity Produced for 2018 (83000 - 10000 3

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