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Pearson Co. purchased a new machine to use in their factory. The company incurred the following cash outflows: $ $ Invoice price, before discount Delivery

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Pearson Co. purchased a new machine to use in their factory. The company incurred the following cash outflows: $ $ Invoice price, before discount Delivery fees (FOB shipping point) Assembly expenses One-year insurance policy, after operations begin 85,000 1,200 600 800 Pearson Co. took advantage of the discount provided by the vendor (2/10, n30). Determine the cost the company will allocate to the new machine. No journal entry is required. - Depreciation . On March 18, 2018, Toby's Trampoline Emporium purchased several new trampolines for use in its new drop-in activity center. Since the trampolines are tangible capital assets, the company will be depreciating them, using the following purchase price and management estimates: $ Purchase price Useful life in years Useful life in hours Residual value Actual # of hours used 112,000 7 7,700 4,480 $ 2018 2019 770 1,185 The company calculates partial-year depreciation using the nearest whole month method. Toby's Trampoline Emporium has a December 31 year-end. Prepare a table showing the depreciation expense for 2018 and 2019 for each of three depreciation methods: straightline, double-declining balance and units of production. Round calculations to the nearest whole number for units and dollars and to two decimal places for percentages

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