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Fern Incorporated bought a machine for $80,000 cash. The estimated useful life was five years and the estimated residual value was $5,000. Assume that the

Fern Incorporated bought a machine for $80,000 cash. The estimated useful life was five years and the estimated residual value was $5,000. Assume that the estimated useful life in productive units is 180,000. Units actually produced were 48,000 in year 1 and 54,000 in year 2.

Required:

1. Determine the appropriate amounts to complete the following schedule.

Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.)

Method of Depreciation Depreciation Expense Book Value at the End of
Year 1 Year 2 Year 1 Year 2
Straight-line
Units-of-production
Double-declining-balance

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