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Any help will be appreciated! Q2 Alladin Company purchased Machine #201 on May 1, 2019. The following information relating to Machine #201 was gathered at
Any help will be appreciated! Q2 Alladin Company purchased Machine #201 on May 1, 2019. The following information relating to Machine #201 was gathered at the end of May. Price Freight-in costs Prep and installation costs Labor costs during regular production operations $686,000 $32,000 $8,200 $214,100 Alladin intends to use the machine only 10 years, however, after which it expects to be able to sell it for $26,200 The invoice for Machine #201 was paid May 1, 2019. Alladin uses the calendar year as the basis for the preparation of financial statements. 3 Instructions: 4 (1) Compute the depreciation expense for the years indicated using the straight-line method for 2019. (Round to the nearest dollar.) 23 (2) Compute the depreciation expense for the years indicated using the sum-of-years' digits method for 2020. (Round to the nearest dollar) 34 (3) Compute the depreciation expense for the years indicated using the double declining balance 35 method for 2019 and 2020 (Round to the nearest dollar) Denreciation
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