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On September 1, 2019, Bobby Company purchased a new machine for $900,000. The machine is estimated to have a $86,400 salvage value after its 10-year
On September 1, 2019, Bobby Company purchased a new machine for $900,000. The machine is estimated to have a $86,400 salvage value after its 10-year useful life. The machine is expected to be used 20,000 working hours over its useful life. A Click Submit to complete this assessment. Instructions: Year Depreciation Expense Accumulated Depreciation Book Value 2019 Complete the following depreciation schedules for 2019 and 2020. All answers should have dollar signs and commas. For example, your answers could be in the following formats: $5,000 or $15,000 or $150,000. Straight-Line Method 2020 Declining Balance Method (Assuming double the straight-line rate) Year Depreciation Expense Accumulated Depreciation Book Value 2019 2020 Units of Activity Method (Assuming machine working hours are as follows: 2020 2019 1,500; 2020: 4,000) Year Depreciation Expense Accumulated Depreciation Book Value 2019 Question 1 of 1 MacBook Air Save Answer
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