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Abdulaziz Co. purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000. Calculate the
Abdulaziz Co. purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000.
Calculate the depreciation expense, accumulated depreciation, book value throughout its useful life using:
1- Straight-line Method.
2- Units of Production Method if the machine produces 100,000 units.
Here is a table of units produced each year:
First | Second | Third | Fourth | Fifth |
23,000 | 25,000 | - | 30,000 | 22,000 |
3- Double Declining Balance Method
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