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On January 1, 2021, a Bakery purchased a Bagel-Making Machine at a cost of $150,000 and incurred an additional $7,000 of customization costs to
On January 1, 2021, a Bakery purchased a Bagel-Making Machine at a cost of $150,000 and incurred an additional $7,000 of customization costs to provide the necessary adaptor to make various size bagels and $500 to ship the machine to its desired location. An additional $1,050 was spent on a small party introducing the bakers to the new machine. The machine is expected to last four years, expected to produce 75,000 (in bagels), and Ihave a salvage value of $22,500. Actual bagels produce over this period were as follows: Actual Miles by Year 2021 27,038 2022 23,175 2023 19,313 2024 7,725 Total 77,250 1. (A) Complete the following schedule by year using the Straight-Line Method of depreciation: (A.) Under Straight Line Method of Depreciation Depreciation Year Expense 2021 2022 2023 2024 Accumulated Depreciation Book Value at End of Year (B.) Complete the following schedule by year using the Units of Production Method of depreciation: (A.) Under Straight Line Method of Depreciation Depreciation Year Expense 2021 2022 2023 2024 Accumulated Depreciation Book Value at End of Year
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