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On January 1, 2018, the Allegheny Corporation purchased machinery for $170,000. The estimated service life of the machinery Is 10 years and the estimated residual
On January 1, 2018, the Allegheny Corporation purchased machinery for $170,000. The estimated service life of the machinery Is 10 years and the estimated residual value is $5,000. The machine is expected to produce 300,000 units during Its life. Calculate depreciation for 2018 and 2019 using each of the following methods. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced In 2018, 45,000, units produced In 2019, 40,000) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Annual Depreciation Expense Depreciation Expense Choose Numerator: Choose Denominator 185,000/ 10S 18,500 Depreciation Expense 2018 S 18,500 2019 Required 1 Required 2 >
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