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On January 1, 2016, Kristen Company purchased for $180,000 a new machine that has an estimated useful life of ten years (or 550,000 stamping operations),

On January 1, 2016, Kristen Company purchased for $180,000 a new machine that has an estimated useful life of ten years (or 550,000 stamping operations), after which the expected salvage value is $10,000. Under each of the following depreciation methods, calculate the depreciation expense for 2016.

Required:

a.

Straight line depreciation

b.

Double declining balance depreciation

c.

Units of production depreciation, if 66,000 stamping operations were made in 2016

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