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ATS- 4 Test Bank for Financial Accounting-NinthEdition (13 points) Schilling Corporation purchased a machine on January 1, 2014, at a total cost of $1,800,000. The
ATS- 4 Test Bank for Financial Accounting-NinthEdition (13 points) Schilling Corporation purchased a machine on January 1, 2014, at a total cost of $1,800,000. The machine has an estimated useful life of 10 years or 1,000,000 units of output and a salvege value of $300,000. Instructions: Complete the following table by presenting the annual depreciation expense for the years 2014 and 2015, under the indicated depreciation methods. Assume actual activity in terms of units of output was: 2014-60,000 units and 2015-120,000 units. Annua 2014 2015 Straight-Line (Supporting Computations) Double-Declining-Balance: (Supporting Computations) Units-of-Activity: (Supporting Computations)
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