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At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $50,000. The estimated residual
At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $50,000. The estimated residual value was $4,000. Assume that the estimated useful life was four years, and the estimated productive life of the machine was 460,000 units. Actual annual production was as follows: Year Units 1 138,000 2 101,200 3 126,500 4 94,300 1. Complete a separate depreciation schedule for each of the alternative methods. ula Year Expense Depreciation Book Value At acquisition ula Year Expense DepreciationBook Value At acquisition c. Double-declining-balance. ula Year Expense Depreciation Book Value At acquisition
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