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ACME Corp. purchased some new equipment to help in the manufacturing of high-quality broomsticks. Information about the equipment is given below. They asked that you

ACME Corp. purchased some new equipment to help in the manufacturing of high-quality broomsticks.

Information about the equipment is given below. They asked that you provide the following:

(1) A depreciation schedule for the equipment using the following depreciation methods: Straight Line, Double Declining Balance, Sum-of-the-Years-Digits, and Units-of-Production.

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The equipment cost $781,250 and has a useful life of 10 years. The estimated residual value is $110,000 and the equipment is estimated to produce 1,200 broomsticks. The actual number of broomsticks produced each year is given in the table below: Year Broomsticks Produced 1 150 2 180 3 180 4 150 5 120 6 120 7 90 8 90 9 60 10 60 1. Input your answers into the depreciation schedules below: There may be more rows in the tables than you need. If so, leave them blank. Straight Line Depreciation Depreciation Expense Accumulated Depreciation End of Year Book Value Year 1 2 3 4 5 6 7 8 9 10 Beginning of Year Book Value Double Declining Balance Depreciation Accumulated Depreciation Expense Depreciation End of Year Book Value Year 1 2 3 4 5 6 7 8 9 10 Sum-of-the-Years-Digits Depreciation Year Depreciation Expense Accumulated Depreciation End of Year Book Value 1 2 3 4 5 6 7 8 9 10 Units-of-Production Depreciation Year Depreciation Expense Accumulated Depreciation End of Year Book Value 1 2 3 4 5 6 7 8 9 10

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