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On October 1, 2018, the Allegheny Corporation purchased machinery for $157,000. The estimated service life of the machinery Is 10 years and the estlmated residual
On October 1, 2018, the Allegheny Corporation purchased machinery for $157,000. The estimated service life of the machinery Is 10 years and the estlmated residual value Is $3,000. The machine Is expected to produce 350,000 unlts durng Its life. Required: Calculate depreclation for 2018 and 2019 using each of the following methods. Partial-year depreclation Is calculated based on the number of months the asset is In service. 1. Straight line. 2 Sum-of-the-years-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Unlts of production (units produced In 2018, 14,000: unlts produced In 2019, 29,000) Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Partial-year depreciation is calculated based on the number of months the asset is in service
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