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Pina Manufacturing purchased a machine on January 1, 2023 for use in its factory. Pina paid $860,000 for the machine and estimated that it had

image text in transcribed Pina Manufacturing purchased a machine on January 1, 2023 for use in its factory. Pina paid $860,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $50,000. During its life, the machine was expected to produce 360,000 units. During 2023, the machine produced 39,900 units, and produced 54,200 in 2024. The machine was subject to a 20% CCA rate, and Pina's year-end was December 31 . The machine is eligible for the Accelerated Investment Incentive. (a) Your answer has been saved. See score details after the due date. Calculate the annual depreciation amount for 2023 and 2024 using the straight-line method. eTextbook and Media Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Calculate the annual depreciation amount for 2023 and 2024 using the activity method. (Round per unit value to 2 decimal places eg. 5.75 and final answers to 0 decimal places, e.g. 5,275.) eTextbook and Media Attempts: 1 of 1 used Calculate the annual depreciation amount for 2023 and 2024 using the double-declining-balance method

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