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Complete the following table given this information: (Do not round intermediate calculations.) Cost of machine $ 97,600 Residual value $ 4,600 Useful life 5 years
Complete the following table given this information: (Do not round intermediate calculations.)
| Cost of machine | $ | 97,600 |
| Residual value | $ | 4,600 |
| Useful life | 5 years | |
|
| ||
| Estimated units machine will produce | 100,000 | |
| Actual production: | Year 1 | Year 2 |
| 66,000 | 18,500 | |
Use MACRS table.
| Depreciation Expense | ||
| Method | Year 1 | Year 2 |
| Straight line | $ | $ |
| Units of production | $ | $ |
| Declining balance | $ | $ |
| MACRS (5-year class) | $ | $ |
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Financial Accounting And Controlling In SAP AFS Solution
Authors: David Jones
1st Edition
1521738092, 978-1521738092
