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Have to turn this in an hour, help! Thanks in advance Iron Works, Inc. purchased a metal casting machine on January 1, 2014. The cost

Have to turn this in an hour, help! Thanks in advance image text in transcribed
Iron Works, Inc. purchased a metal casting machine on January 1, 2014. The cost of the machine was $42,500. Its estimated residual value was $10,500 at the end of an estimated 10-year life. The company expects to produce a total of 10,000 units. a. Calculate depreciation expense for 2014 and 2015 using the straight-line method. 2014 2015 Depreciation Expense b. Calculate depreciation expense for 2014 and 2015 using the double-declining balance method. 2014 2015 Depreciation Expense c. Calculate the depreciation expense for 2014 and 2015 using the units-of-production method. The company produced 1,550 units in 2014 and 2,000 units in 2015. (Round your final answer to nearest dollar value.) 2014 2015 Depreciation Expense

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