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On January 1, 2021, JDSG Enterprises purchased three long-term assets. Each asset has a different time period of usefulness, residual value, and method of depreciation.
On January 1, 2021, JDSG Enterprises purchased three long-term assets. Each asset has a different time period of usefulness, residual value, and method of depreciation. Using the chart below, determine how much depreciation expense JDSG Enterprises will incur for the year of 2025, when the company makes its December 31st adjusting entries. Also determine what the TOTAL accumulated depreciation for each asset would be as of December 31, 2025. Note: The equipment is expected to be useful for 2 million widgets made. In 2021, the equipment produced 215,000 widgets - 213,000 in 2022 - 220,000 in 2023 - 205,000 in 2024 - 195,000 in 2025
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