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problem 9-3a alate the annual depreciation and total depreciation over the asset's life using: (Round the depreciation cost per unit to the nearest cent. Round
problem 9-3a
alate the annual depreciation and total depreciation over the asset's life using: (Round the depreciation cost per unit to the nearest cent. Round answers to 0 decimal places, e.g. s,27 (1) Straight-line method Year Depreciable Cost Depreciation Expense Accumulated Depreciation Carrying Amount 297,5 2019 297, 2020 297, 2021 297, 297,5 97,5 2023 (2) Double-diminishing-balance method Year Opening Carrying Amount Depreciation Expense Accumulated Depreciation Carrying Amount (3) Units-of-production method Year Units-of-production Depreciation Expense Accumulated Depreciation Carrying Amount Which method causes net income to be lower in the early years of the asset's life? Problem 9-3A a-b (Part Level Submission) Wildhorse Limited purchased a machine on account on April 2, 2018, at an invoice price of $374,490. On April 4, it paid $1,980 for delivery of the machine. A one-year, $4,130 insurance policy on the machine was purchased on April S. On April 18, Wildhorse paid $7,680 for installation and testing of the machine. The machine was ready for use on April 30 dhorse estimates the machine's useful life will be five years or 6,234 units with a residual value of 586,580. Assume the machine produces the following numbers of units each year: 866 units in 2018; 1,548 units in 2019: 1,533 units in 2020; 1,283 units in 2021: and 1,004 units in 2022. wildhorse has a December 31 year end Step by Step Solution
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