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can your please check the work i've already done and solve as well as explain the solution of double-declining-balance E9-16 (Algo) Computing Depreciation and Book
can your please check the work i've already done and solve as well as explain the solution of double-declining-balance
E9-16 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9.3, LO 9.7] Fem incorporated bought a machine for $70,000 cosh. The estimated useful life was five years and the estimated residual value was $7,000. Assume that the estimated useful Iffe in productive units is 204,000. Units actually produced were 54,400 in year 1and in year 2 . Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 17 . 2-b. Which method would result in the lowest net income for year 2 ? Complete this question by entering your answers in the tabs below. Determine the appropriate amounts to complete the following schedule. (Do not round intermedate calculations. Reusid final answers to the fearest whole dollar) Step by Step Solution
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