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On October 1, 2016, the Allegheny Corporation purchased machinery for $257,000. The estimated service life of the machinery is 10 years and the estimated residual

On October 1, 2016, the Allegheny Corporation purchased machinery for $257,000. The estimated service life of the machinery is 10 years and the estimated residual value is $4,000. The machine is expected to produce 460,000 units during its life. Required: Calculate depreciation for 2016 and 2017 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. (Do not round intermediate calculations.) 1. Straight line. 2. Sum-of-the-years digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2016, 23,000; units produced in 2017, 38,000). (Round "Depreciation per unit rate" answers to 2 decimal places.)

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