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On January 1, 2019, Bryant purchases equipment for $50,000 cash.The equipment has an estimated service life of 5 years and estimated residual value of $5,000

  1. On January 1, 2019, Bryant purchases equipment for $50,000 cash.The equipment has an estimated service life of 5 years and estimated residual value of $5,000 with an estimated production of 100,000 units.

Calculate depreciation expensefor each year of the asset's service lifeunder each alternative method:

a. Straight-line

b. Double-declining balance

c. Units-of-production with the following production schedule

2019 10,000

2020 40,000

2021 15,000

2022 30,000

2023 5,000

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