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help with both tabs please! it is one long problem/project Plastic Works Corporation bought a machine at the beginning of the year at a cost
help with both tabs please! it is one long problem/project
Plastic Works Corporation bought a machine at the beginning of the year at a cost of $12,000. The estimated iseful life was 5 years and the residual value was $2,000. Assume that the estimated productive life of the asset is 10,000 units. Expected annual production was: Year \#1: 3000 units; Year \#2: 3000 units; Year \#3: 2000 units; Year \#4: 1000 units; Year \#5: 1000 units. Which method will result in the highest net income in year \#2? Does this higher net income mean the machine was used more efficiently under this depreciation method? alculate the total amount of depreciation for the year and prepare the journal entry to record depreciation: ournal Entry to record depreciation for this year: Depreciation Expense \begin{tabular}{|l|l|l|} \hline Iachine A & & \\ \hline Uachine B & & \\ \hline Tachine C & & \\ \hline Total & & \\ \hline \end{tabular}Step by Step Solution
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