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( Carla Vista Limited purchased a machine on account on April 1 , 2 0 2 1 , at an invoice price of $ 3

(Carla Vista Limited purchased a machine on account on April 1,2021, at an invoice price of $389,940. On April 2, it paid $2,150 for delivery of the machine. A one-year, $3,780 insurance policy on the machine was purchased on April 5. On April 19, Carla Vista paid $8,310 for installation and testing of the machine. The machine was ready for use on April 30.
Current Attempt in Progress
Carla Vista estimates the machine's useful life will be five years or 5,949 units with a residual value of $73,190. Assume the machine produces the following numbers of units each year: 934 units in 2021; 1,325 units in 2022; 1,271 units in 2023; 1,243 units in 2024; and 1,176 units in 2025. Carla Vista has a December 31 year end.
(a)
a
)
Determine the cost of the machine.
Cost of the machine
(
b
)
calculate the annual dpreciaation and total depreciation over the assets's life using
1
.
straight line method.
2
.
doubleline diminshing method.
3
.
units of production method

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