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On January 1, 2019, Hamad Town Corporation bought a machine for $ 480,000. The device is estimated to have a 10 - useful life or
On January 1, 2019, Hamad Town Corporation bought a machine for $ 480,000. The device is estimated to have a 10 - useful life or 100,000 units over its useful life. An estimated salvage value at the end of its useful life is $ 40,000 required. B- The amount of depreciation expense for the years ended December 31, 2019 was calculated using the unit of production method for depreciation assuming that the company produced 12,000 units in 2019. c. Calculate the amount of depreciation expense for the year ended December 31, 2019, using the double-declining balance method of depreciation d. What is the book value of the machine as of December 31, 2019 when using production methods?
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