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2) JJ Industries purchased a machine that cost $540,000. It is expected that the machine will last 20 years and have a $20,000 salvage value.
2) JJ Industries purchased a machine that cost $540,000. It is expected that the machine will last 20 years and have a $20,000 salvage value. It is also expected that the machine will be able to be produce 1,000,000 units. a. Calculate the 1st and 2nd year of depreciation using the straight-line method. b. Calculate the 1st and 2nd year of depreciation using the Double Declining Balance method. C. Assuming 165,000 units were produced the 1st year, what is the depreciation of the machine for the 1st year using the units of production method
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