Survey of Accounting: E11-3 Judds Company purchased a new plant asset

Survey of Accounting

E11-3 (Depreciation computation SYD-DDB-Partial periods)
Judds Company purchased a new plant asset on April 1, 2007, at cost of $711,000. It was estimated to have a service life of 20 years and a salvage value of $60,000. Judd's accounting periods is the calendar year.

Instructions:
A) Compute the depreciation for this asset for 2007 and 2008 using the sum-of digits methods.
B) Compute the depreciation for this asset for 2007 and 2008 using the double-declining balance method.
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