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A machine that produces cellphone components is purchased on January 1 , 2 0 2 4 , for $ 1 1 2 , 0 0
A machine that produces cellphone components is purchased on January for $ It is expected to have a
useful life of four years and a residual value of $ The machine is expected to produce a total of
components during its life, distributed as follows: in in in and in
The company has a December year end.
a
Calculate the amount of depreciation to be charged each year, using each of the following methods:
i Straightline method
Straightline method depreciation $
per year
ii Unitsofproduction method Round depreciation per unit to decimal places, eg and
depreciation expense to decimal places, eg
Unitsofproduction method depreciation $
per unit
Year Depreciation Expense
$
$
$
$
iii. Doublediminishingbalance method
Rate
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