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Please help with this accounting question. Will be sure to leave a review. Thank you in advance! A machine that cost $256,000 has an estimated
Please help with this accounting question. Will be sure to leave a review. Thank you in advance! A machine that cost $256,000 has an estimated residual value of $16,000 and an estimated u hours. The company uses units-of production depreciation and ran the machine 4,000 hours in year 1, 5,000 hours in year 2, and 4,000 hours in year 3. Complete the following tables (show work) useful life of 16,000 machine Year 1 Value At the end of year 3 A machine that cost $130,000 has an estimated residual value of $13,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation. Complete the following tables (show work) ion expense Year 2 Accumulated Book Value At the end of year 3 As part of a major Equipment) that were 10 years old for $1,280 cash. The shelves originally cost $8,320 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $720. Prepare the joumal entry to record the sale of the shelving units
Please help with this accounting question. Will be sure to leave a review. Thank you in advance!
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