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Carla Vista Company purchased a new machine on October 1, 2024, at a cost of $150,000. The company estimated that the machine will have a
Carla Vista Company purchased a new machine on October 1, 2024, at a cost of $150,000. The company estimated that the machine will have a residual value of $14,100. The machine is expected to be used for 10,000 working hours during its 5-year life. Carla Vista Company's year-end is December 31.
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Carla Vista Company purchased a new machine on October 1,2024 , at a cost of $150,000. The company estimated that the machine will have a residual value of $14,100. The machine is expected to be used for 10,000 working hours during its 5 -year life. Carla Vista Company's year-end is December 31. Calculate the depreciation expense under the straight-line method for 2024. Calculate the depreciation expense under the units-of-production method for 2024, assuming machine usage was 1,200 hours. (Round depreciable amount per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 2,125.) eTextbook and Media Compute the depreciation expense under the diminishing-balance method using double the straight-line rate for 2024 and 2025Step by Step Solution
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