On January 2, 2021, Country Lumber installed a computerized machine in its factory at a cost of
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On January 2, 2021, Country Lumber installed a computerized machine in its factory at a cost of $168,000. The machine’s useful life was estimated at four years or a total of 190,000 units with a $35,000 trade-in value. Country Lumber’s year-end is December 31. Calculate depreciation for each year of the machine’s estimated useful life under each of the following methods:
a. Straight-line
b. Double-declining-balance
c. Units-of-production, assuming actual units produced were:
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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