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Exercise 11-1 Flint Company urchases equipment on January 1, Year 1, at a cost of $473,690. The asset is Compute the amount of depreciation for Years 1 through 3 using the straight-line deprecdation method.(Round answers to o Depreciation for Year Deprecdiation for Year 2 s Depreciation for Year 3 expected to have a service lite of 12 years and a salvage vaioe of t $40,400 declimal places, eg. 5,125) Compute the amount of depreciation for each of Years ǐ through ③ using the sum of-the-yearsdgits method. Depreciation for Year Depreciation for Year 2 Depreciation for Year 3 Compute the amount of deprediation for each of Years 1 through 3 using the double dedining balance method.(Round deprecietion rate to 2 decial places e.o. 15.% Round answers to 0 decimal places a.g 1s,892.)
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