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Banko Inc, manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1 Purchase price Delivery cost Installation charge Estimated

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Banko Inc, manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1 Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ $ 6,000 5,000 158,000 5,000 $ X 00:43:21 During Year 1, the machine produced 54,000 units, and during Year 2 it produced 56,000 units. Required a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.) MACRS table: 7-Year Year property. A property, 17.49 5.76 Year 1 Year 2 a Depreciation expense b. Depreciation expense Depreciation expense d. Depreciation expense

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