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5 Part 2 of 6 Required information CP 9 - 1 ( Algo ) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [
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CPAlgo Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods LO LO
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At the beginning of the year, Tulip Corporation bought machinery, shelving, and a forklift. The machinery initially cost $ but had to be overhauled at a cost of $ before it could be installed at a cost of $ and finally put into use. The machinery's total life was estimated as hours, with an estimated residual value of $ The machinery was actually used hours in year and hours in year Repair costs were $ in each year.
The shelving cost $ and was expected to last years, with a residual value of $ The forklift cost $ and was expected to last six years, with a residual value of $
CPAlgo Part
Compute year unitsofproduction depreciation expense for the machinery. Do not round intermediate calculations.
Year unitsofproduction depreciation expense
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