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17. On January 1, 2018, Morrow Inc. purchased a spooler at a cost of $40,000. The equipment is expected to last five years and have
17. On January 1, 2018, Morrow Inc. purchased a spooler at a cost of $40,000. The equipment is expected to last five years and have a residual value of $4,000. During its five-year life, the equipment is expected to produce 250,000 units of product. In 2018-2022, 52,000, 45,000, 60,000, 52,000, and 46,000 units respectively were produced. Required: Compute depreciation expense for 2018-2022, and the accumulated depreciation and book value of the spooler at December 31, 2018-2022, under the various methods: A. Straight-line B. Double-declining-balance C. Sum-of-the-years'-digits D. Units-of-production " PV How would your change . P 222- -222 2222 IM =222 IM P MODE 2-22
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