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On June 9. 2023, Wildhorse Company purchased manufacturing equipment at a cost of $334,000. Wildhorse estimated that the equipment will produce 580,000 units over its

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On June 9. 2023, Wildhorse Company purchased manufacturing equipment at a cost of $334,000. Wildhorse estimated that the equipment will produce 580,000 units over its 5 -year useful life, and have a residual value of $15,000. The company has a December 31 fiscal year end and has a policy of recording a half year's depreciation in the year of acquisition. Calculate depreciation under the straight-line method for 2023 and 2024. Calculate the depreciation expense under the double diminishing-balance method for 2023 and 2024. Calculate the depreciation expense under the units-of-production method, assuming the actual number of units produced was 70,800 in 2023 and 118,100 in 2024 . (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and round final answers to 0 decimal places, eg. 5,275.)

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