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Alberta Manufacturing Co. (AMC) installed a computerized machine in its factory at a cost of $250,000 on July 1,2022 . The machine has an estimated

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Alberta Manufacturing Co. (AMC) installed a computerized machine in its factory at a cost of $250,000 on July 1,2022 . The machine has an estimated useful life of five years or a total of 155,000 units with a $25,250 residual value. The original plan was to produce approximately the same number of units per year but the actual production was: 202215,600 units; 202341,900;202429,100 units; 2025 - 47,300 units; and 202621,100 units. AMC's year end is December 31 and adjusting entries are done annually. Calculate the depreciation expense using the Units of Production method for 2022 and 2023. (2 marks) For 2022: A For 2023: What would be the balance in the Accumulated Depreciation - Machine account be at the end of 2023 based on your Units of Productions calculations above? ( 1 mark) Accumulated depreciation: Fill in the spaces below to indicate what the partial Statement of Financial Position (or Balance Sheet) would look like under the Units of Production method at the end of December 31, 2026. (2 marks) Cost: Accumulated depreciation: A Net Book Value (Carrying Value): A Question 34 (3 points) Assume AMC used the Straight Line method of depreciation, calculate the depreciation expense for 2022, (1 mark) Record the journal entry to record the depreciation for 2023. (2 marks) Dr

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