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Sheren Limited purchased the following equipment on January 1, 2016.
Required:
- Calculate the total depreciation for the five-year period 2016-2020, under the straight-line and double-declining balance methods. Assume the company uses the ½ year rule to calculate depreciation expense in the year of acquisition and disposal.
- List the advantages of
- The straight-line method of depreciation
- The double-declining balance method.
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