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8. Sneetch Inc. purchased a star-making machine on January 1, 2014. The cost of the machine was $18, 500. Its estimated residual value was $2,

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Sneetch Inc. purchased a star-making machine on January 1, 2014. The cost of the machine was $18, 500. Its estimated residual value was $2, 500 at the end of an estimated 10-year life. The company expects to produce a total of 10.000 units. Calculate depreciation expense for 2014 and 2015 using the straight-line method. Calculate depreciation expense for 2014 and 2015 using the double-declining balance method. Calculate the depreciation expense for 2014 and 2015 using the units-of-production method. The company produced 750 units in 2014 and 1, 200 units in 2015. (Round your final answer to nearest dollar value.)

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