Depreciation methods; partial year depreciation
On April 1, 2010, Cyclone Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense for year 2011 using the (1) straight-line, (2) double-declining-balance, and (3) MACRS methods (using five-year class).
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