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A machine that produces cellphone components is purchased on January 1.2024, for $108,000. It is expected to have a useful life of four years and
A machine that produces cellphone components is purchased on January 1.2024, for $108,000. It is expected to have a useful life of four years and a residual value of $10,000. The machine is expected to produce a total of 200,000 components during its life. distributed as follows: 40,000 in 2024, 50,000 in 2025, 60,000 in 2026, and 50,000 in 2027, The company has a December 31 year end. distributed as follows: 40,000 in 2024,50,000 in 2025,60,000 in 2026 , and 50,000 in 2027 . The company hasa becenber.31 yaar athi. (a) Calculate the amount of depreciation to be charged ead year, usine each of the following methods: 1. Str aljght-tine method Straveht line method depreciation 5 per year. uiaces e 9.1251
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