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I need some assistance in this problem in accounting. thanks Patty, Inc. purchased the following assets on January 1, 2019: Estimated DEPR Name Cost Salvage

I need some assistance in this problem in accounting.

thanks

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Patty, Inc. purchased the following assets on January 1, 2019: Estimated DEPR Name Cost Salvage Useful Life Unit Life Method Robot Welder 435,000 15,000 10 YRS 260,000 Units/Activity - see note (1) CRAY Super Computer 1,250,000 100,000 7 YRS N/A 200% Declining Balance 10 LEAR JET 7,250,000 5 YRS N/A Straight Line 11 Instructions: For each asset prepare a table showing the following for each year the asset is 12 depreciated: 13 Annual Depreciation expense 14 Accumulated Depreciation 15 Net Book Value 16 17 (1) Units produced by the Robot Welder were as follows: 18 2018 25,000 19 2019 50,000 20 2020 10,000 21 2021 10,000 22 2022 15,000 23 2023 12,500 24 2024 2025 18,000 26 2026 22,000 2027 27,000 28 2028 45,000 29 2029 20,000 30 2030 10,000 31

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