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Homy Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $ 8 , 6 0
Homy Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $ The estimated useful life was four years, and the residual value was $ Assume that the estimated productive life of the machine was hours. Actual annual usage was hours in year hours in year ; hours in year ; and hours in year
Required:
a Complete a separate depreciation schedule by using Straightline method. Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of rd year minus residual value.
tableYeartableDepreciationExpensetableAccumulatedDepreciationtableCarryingAmountAt acquisition,,,
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