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2 On January 2, 2019, the Unit Manufacturing Company purchased manufacturing equipment for $80,000. The equipment is expected to have a useful life of six

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2 On January 2, 2019, the Unit Manufacturing Company purchased manufacturing equipment for $80,000. The equipment is expected to have a useful life of six years and a salvage value of $5,000. Prepare a schedule showing the annual depreciation for each of the first three years of the asset's life under the straight-line method, the double-declining-balance method, and the sum-of-the-years-digits method. (Do not round Intermediate calculations, Round your final answers to the nearest whole dollar amount.) Straight-Line Method Double- Declining- Balance Method Sum-of-the- Years Digits Method 2019 2020 2021

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