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Question 16 4 pts Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.
Question 16 4 pts Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. What journal entry would be needed to record the machines' second year depreciation expense only under the units-of-production method? O Debit Depreciation Expense $16,900; credit Accumulated Depreciation $16,900 Debit Amortization Expense $16,900; credit Accumulated Amortization $16,900 O Debit Depreciation Expense $16,000; credit Accumulated Depreciation $16,000 Debit Depletion Expense $16,900; credit Accumulated Depletion $16,900 O Debit Depletion Expense $16,000; credit Accumulated Depletion $16,000 Question 17 4 pts Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the units-of-production method. (no dollar sign or commas) Question 18 4 pts Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the double-declining-balance method. (no dollar sign or commas)
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