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Business, 08.07.2020 20:01 mckennacwilliams
South Airlines purchased a 747 aircraft on January 1, 2017, at a cost of $35,000,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $5,000,000. On January 1, 2020 the airline revises the total estimated useful life to 15 years with a revised salvage value of $3,500,000. Compute the depreciation and book value at December 31, 2019 using the straight-line method and the double-declining-balance method.
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South Airlines purchased a 747 aircraft on January 1, 2017, at a cost of $35,000,000. The estimated...
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