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please provide full explanation answer. Van Houtte Foods bought machinery on September 10, 2018, for $167,000. It was determined that the machinery would be used
please provide full explanation answer.
Van Houtte Foods bought machinery on September 10, 2018, for $167,000. It was determined that the machinery would be used for six years or until it produced 310,000 units and then would be sold for about $27,500. Complete the schedule below by calculating annual depreciation to the nearest whole month for 2018, 2019, and 2020. VanHoutte's year-end is December 31. Assume actual units produced of: Do not round intermediate calculations.) 2018 2019 2020 42,000 78,000 63,000 Depreciation Straight-Line Units-of-Production Year 2018 2019 2020Step by Step Solution
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