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Cant figure out part B1 please explain answer you get... Thank you On January 1, 2016, Bonita Company, a small machine-tool manufacturer, acquired for $2,170,000
Cant figure out part B1 please explain answer you get... Thank you
On January 1, 2016, Bonita Company, a small machine-tool manufacturer, acquired for $2,170,000 a piece of new industrial equipment. The new equipment had a useful life of 5 years, and the salvage value was estimated to be $135,000. Bonita estimates that the new equipment can produce 14,300 machine tools in its first year. It estimates that production will decline by 2,960 units per year over the remaining useful life of the The following depreciation methods may be used: (1) straight-line, (2) double-declining-balance, (3) sum-of-the-years'-digits, and (4) units-of-output. For tax purposes, the dass life is 7 years. Use the MACRS tables for computing (a1) EYour answer is correct. igits, and (4) units-of-output for the 3-year period ending December 31, 2018. Ignore present Compute accumulated depreciation under the following methods: (1) straight-line, (2) double-declining-balance, (3 value, income tax, and deferred income tax considerations. (Round cost per unit to 2 decimal palces, e.g. 25.12. Round other inermediate calculations to 6 decimal places,e.g. 1.524687 amd final answers to o decimal places, e.g.5,125) Accumulated Depreciation Methods 2016 (1) Straight-line (2) Double-declining-balance 8680 (3) Sum-of-the-years'-digits 67833 (4) Units-of-output 407,0 1221 13888 64,52 124528 285283 1652283 SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 5 of 6 usedStep by Step Solution
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