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Please show all work/calculations done. Thank you 1 Banko Inc. manufactures sporting goods. The following Information applies to a machine purchased on January 1, Year
Please show all work/calculations done. Thank you
1 Banko Inc. manufactures sporting goods. The following Information applies to a machine purchased on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated life Estimated units salvage estimate $ 70,500 $ 6, eee $ 1,eee 5 years 149, eee $ 3, eee eBook Print During Year 1, the machine produced 45,000 units and during Year 2, it produced 47,000 units. Required Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods: Year 1 Year 2 a. Straight-line b. Double-declining-balance c. Units of productionStep by Step Solution
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