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Complete the following table given this information: (Do not round intermediate calculations.) Cost of machine $ 100,000 Residual value $ 5,000 Useful life 5 years
Complete the following table given this information: (Do not round intermediate calculations.)
| Cost of machine | $ | 100,000 |
| Residual value | $ | 5,000 |
| Useful life | 5 years | |
| Estimated units machine will produce | 100,000 | |
| Actual production: | Year 1 | Year 2 |
| 70,000 | 20,500 | |
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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IT Audit Control And Security
Authors: Robert R. Moeller
1st Edition
0471406767, 9780471406761
