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At the beginning of the year, Palermo Brothers, Incorporated, purchased a new plastic water bottle-making machine at a cost of $78,000. The estimated residual
At the beginning of the year, Palermo Brothers, Incorporated, purchased a new plastic water bottle-making machine at a cost of $78,000. The estimated residual value was $9,000. Assume that the estimated useful life was four years and the estimated productive life of the machine was 690,000 units. Actual annual production was as follows: Year Units 1 207,000 2 151,800 3 189,750 4 141,450 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Complete a depreciation schedule using the straight-line method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 + 2 3 4 Ray 1A Req 18 >
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