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Check my work Torge Company bought a machine for $91,000 cash. The estimated useful life was five years and the estimated residual value was $4,000.
Check my work Torge Company bought a machine for $91,000 cash. The estimated useful life was five years and the estimated residual value was $4,000. Assume that the estimated useful life in year 2 productive units is 195,000. Units actually produced were 52,000 in year 1 and 58,500 in 14.32 points Required: 1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.) eBook Depreciation Expense for Book Value at the End of Hint Year 1 Year 2 Year 1 Method of Depreciation Straight-line Units-of-production Double-declining-balance Year 2 ASk Print References 2-a. Which method would result in the lowest net income for year 1? O Units-of-production Double-declining-balance Straight-line 2-b. Which method would result in the lowest net income for year 2? Double-declining-balance O Units-of-production Straight-line 3. Which method would result in the lowest fixed asset turnover ratio for year 1? O Units-of-production Double-declining-balance Straight-line
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