From the following, prepare depreciation schedules for the first 2 years for (a) Straight-line, (b) Units-of-production, (c)

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From the following, prepare depreciation schedules for the first 2 years for

(a) Straight-line,

(b) Units-of-production, 

(c) Double declining-balance at twice the straight line rate methods.

Machine purchased on January 1, $1,420.

Residual value, $220.

Estimated useful life, 4 years.

Total estimated output, 600 units.

Output year 1, 90 units.

Output year 2, 190 units.

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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