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How would I go about finishing this problem? I am confused on double declining and then straight line for Sept 2015 as well as answers
How would I go about finishing this problem? I am confused on double declining and then straight line for Sept 2015 as well as answers missed.
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Depreciation methods On January 2, 2015, Alvarez Company purchased an electroplating machine to help manufacture a part for one of its key products. The machine cost ,700 $218 and was estimated to have a useful life of six years or 781,200 platings, after which it could be sold for $23,400. Required a. Calculate each years depreciation expense for the period 2015-2020 under each of the following depreciation methods (round all answers to the nearest dollar): 1. Straightline. 2. Double-declining balance. 3. Units-of-production. (Assume annual production in platings of 140,000; 180,000; 150,000; 125,000; 105000; and 81,200.) 1. Straight-Line Depreciation Expense Year 2015 $ 32,550 2016 32550 2017 32550 2018 32550 2019 32,550 v 2020 32,550Step by Step Solution
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