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Also, would you mind show me how to calculate them? c) Using the same purchase information at the beginning of the question, prepare the table
Also, would you mind show me how to calculate them?
c) Using the same purchase information at the beginning of the question, prepare the table assuming that the company used double-declining-balance depreciation. Net Book Value at the Beginning of Depreciation Accumulated Net Book Value at the End of the Year the Year Expense Depreciation Year 2015 $ 60000 $ 30000 $ 30000 $ 30000 2016 $ 30000 $ 15000 $ 45000 $ 15000 2017 $ 15000 X $ $ 2018 $ $ $ d) Using the same purchase information and residual value at the beginning of the question, assume that the company uses the units-of-production method. The asset can produce one million units. Prepare the depreciation table. Year Cost of Long-Term Asset Units Produced Depreciation Expense Accumulated Depreciation Net Book Value 2015 $60,000 240,000 $ 2016 $60,000 110,000 $ $ $ 2017 $60,000 170,000 $ $ $ 2018 $60,000 330,000 $ $Step by Step Solution
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