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Nash Company purchased Machine #201 on May 1, 2025. The following information relating to Machine #201 was gathered at the end of May. Price Credit

Nash Company purchased Machine #201 on May 1, 2025. The following information relating to Machine #201 was gathered at the end of May. Price Credit terms Freight-in Preparation and installation costs Labor costs during regular production operations It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Nash intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $1,560. The invoice for Machine #201 was paid May 5, 2025. Nash uses the calendar year as the basis for the preparation of financial statements. (a) Compute the depreciation expense for the years indicated using the following methods. 1. 2 Straight-line method for 2025 $88,400 2/10, n/30 $832 $3,952 $10,920 Sum-of-th gits method for 2026 $ Depreciation Expense
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Nash Company purchased Machine 201 on May 1, 2025. The following information relating to Machine \pm 201 was gathered at the end of May. It is expected that the machine could be used for 10 years, after which the salvage value would be zero Nash intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $1.560. The invoice for Machine 2201 was paid May 5 . 2025. Nashuses the ealendar year as the basis for the preparation of financial statements. (3) Compute the deoreclation eipense for the years indicated using the following methods. Compute the depreciation expense for the years indicated using the following methods

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