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Adjusting Entry:
XYZ purchased a computer on Dec. 21, 2008 for $5,100 with the useful of 10 years and salvage value of 1,300. XYZ uses double-declining method and takes half-year's depreciation in the year of acquisition.
We will depreciate the computer by $510 for period ending Dec. 31, 2008 - Is this Correct?
Linear Mode
