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last eight years and have a residual value of $4,000. During its eight-year life, the equipment is expected On January 1, 2019, Morrow Inc. purchased
last eight years and have a residual value of $4,000. During its eight-year life, the equipment is expected On January 1, 2019, Morrow Inc. purchased a spooler at a cost of $40,000. The equipevent is expected to to produce 250,000 units of product. In 2019 and 2020, 42.000 and 76,000 units respectively were produced. 1. 31, 2019 and 2020, assuming the straight-line method is used. Compute depreciation expense for 2019 and 2020 and the book value of the spooler at Decem! 2. Compute depreciation expense for 2019 and 2020 and the book value of the spooler at Dece 31, 2019 and 2020, assuming the double-declining-balance method is used. 3. Compute depreciation expense for 2013 and 2014 and the book value of the spooler at D 31, 2019 and 2020, assuming the units-of-production is used
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