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1. Jones Compary purchased a machine for $300,000. The company expects the service life of the machine to be 5 years. During that time, it

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1. Jones Compary purchased a machine for $300,000. The company expects the service life of the machine to be 5 years. During that time, it is expected that the machine's useful life will be 150.000 hours. Its expected salvage value is $20.000. Actual hours used during the frve years of the asset's life Was: Year 1: 32,000 hours used Year 2: 31,000 hours used Year 3:27,000 hours used Year 4: 31.000 hours used Year 5: 29,000 hours used Complete the below depreciation tables for the machine applying each of the following depreciation methods: a.) Straight Line Annual Depreciation Expense b.) Vouple-vecining balance Double-Declining Rate = c.) Units or rroductur Chapter 8 -Reporting and Analyzing Long-Term Operating Assets Depreciation Rate Per Unit =

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