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lI Question 6 (of 21) value 10.00 points On January 2, 2016, the Jackson Company purchased equipment to be used in its manufacturing process The equipment has an estimated life of eight years and an estimated residual value of $35,500. The expenditures made to acquire the asset were as follows: Purchase price$170.500 Freight charges Installation charges 3,200 5,500 Jackson's policy is to use the double-declining-balance (DDB) method of depreciation in the early years of the equipment's life and then switch to straight line halfway through the equipment's life. Required: 1. Calculate depreciation for each year of the asse's eight-year life Depreciation for the Period End of Period Beginning of Year Period Book Depreciation Annual Accumulated Depreciation Depreciation Book Value Rate Value 2016 2017 2018 2019 2020 2021 2022 2023 Total

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