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On November 1 , 2 0 2 3 , Mountain Ski Corporation purchased a used snow grooming machine for $ 1 0 4 , 0

On November 1,2023, Mountain Ski Corporation purchased a used snow grooming machine
for $104,000. Management estimated the machine's useful life at three years or 3,000 hours,
with an $8,000 residual value. The company used the machine for 500 hours in the year ended
December 31,2023; 1,000 hours in the year ended December 31,2024; 1,200 hours in the year
ended December 31,2025; and 300 hours in the year ended December 31,2026. How much
depreciation expense should Mountain Ski record in each of 2023,2024,2025, and 2026 under
each depreciation method: (a) straight-line, (b) diminishing-balance using twice the straight-
line rate, and (c) units-of-production? What is the total amount of depreciation recorded
under each of these methods over this four-year period?
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