Question
6b) Calculate the following, and place the calculated solution on the appropriate line. In all cases, assume the companies that are the subject of the
6b) Calculate the following, and place the calculated solution on the appropriate line. In all cases, assume the companies that are the subject of the question are US companies using US GAAP.
Berful purchased a machine on the first day of the accounting period at a cost of $22,000. The machine is expected to have a life of 5 years or 20,000 units, and a salvage value of $2,000. Calculate the second year depreciation expense using the following depreciation methods (6,000 units produced in year 2):
Straight-line $_____________
Double-declining Balance $_____________
Units-of-production $_____________
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