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Please answer all parts of the question such as Required A, B, C, D, E, completely and accurately as well as in order. Thank you.
Please answer all parts of the question such as Required A, B, C, D, E, completely and accurately as well as in order. Thank you.
At the beginning of 2020 , your company buys a $34,000 piece of equipment that it expects to use for 4 years. The equipment has an estimated residual value of 4,000 . The company expects to produce a total of 200,000 units. Actual production is as follows: 45,000 units in 2020,54,000 units in 2021,54,000 units in 2022 , and 47,000 units in 2023. Required: a. Determine the depreciable cost. b. Calculate the depreciation expense per year under the straight-line method. c. Use the straight-line method to prepare a depreciation schedule. d. Calculate the depreciation rate per unit under the units-of-production method. e. Use the units-of-production method to prepare a depreciation schedule. Complete this question by entering your answers in the tabs below. Determine the depreciable cost. Calculate the depreciation expense per year under the straight-line method. Use the straight-line method to prepare a depreciation schedule. Calculate the depreciation rate per unit under the units-of-production method. (Round your answer to 3 decimal places.) \begin{tabular}{|l|l|l|l|l|} \hline Required A & Required B & Required C & Required D & Required E \\ \hline \end{tabular} Use the units-of-production method to prepare a depreciation schedule. (Do not round your Depreciation rate per unit.) \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Year } & DepreciationExpense & AccumulatedDepreciation & NetBookValue \\ \hline Acquisition Cost & & & \\ \hline 2020 & & & \\ \hline 2021 & & & \\ \hline 2022 & & & \\ \hline 2023 & & & \\ \hline \end{tabular}
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