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On January 2, 2016, Topanga Company purchased a machine for $90,000. The machine has a ve-year estimated useful life and a $6,000 estimated residual value.

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On January 2, 2016, Topanga Company purchased a machine for $90,000. The machine has a ve-year estimated useful life and a $6,000 estimated residual value. In addition, the company expects to use the machine 200,000 hours. Assuming that the machine was used 41,000 hours during 20l4 and 35.000 hours during 2017, complete the following chart. [fa gure cannot be determined, leave it blank or enter "0" (zero). Show your work. (6 Pts) Method Depreciation Expense for 2017 Carrying Value at 12/31/17 Straight-line $ $ Units of Production S $ Double-declining-balance $ $

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