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Question 1 2020 On May 1, 2010, Microsoft Company purchased a new machine for $864,000 The machine is estimated to have a $86,400 salvage value
Question 1 2020 On May 1, 2010, Microsoft Company purchased a new machine for $864,000 The machine is estimated to have a $86,400 salvage value after its 10-year useful life. The machine Instructions: 2020 Complete the following depreciation schedules for 2019 and 2020. All answers should have dollar signs and commas. For example, your answers could be in the following formats $5,000 or $15,000 or $150,000 Straight-Line Method Year Depreciation Expense 2019 2020 Declining Balance Method (Assuming double the straight-line rate) Year Depreciation Expense 2019 Year Depreciation Expense 2019 Accumulated Depreciation Units of Activity Method (Assuming machine working hours are as follows: 13 Accumulated Depreciation Book Value Accumulated Depreciation Book Value 2019: 1,500; 2020: 4,000) Book Value be used 20 000 working hours over its useful le C
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