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QUESTION 2 ) Dersch Co. purchased a machine on January 3, 2019, for $1.200,000. Using the tables provided calculate the annual depreciation expense, accumulated depreciation
QUESTION 2 ) Dersch Co. purchased a machine on January 3, 2019, for $1.200,000. Using the tables provided calculate the annual depreciation expense, accumulated depreciation and book value for each year of the machine's life using the straight line, units of production and declining balance methods. The estimated useful life of the machine was 5 years or 50,000 hours with a residual value of $200,000. During the machine's life it was used: 10,000 (Year 2019); 13,500 (Year 2020); 11,750 (Year 2021): 13,500 (Year 2022); and 8,500 (Year 2023) hours. Straight Line Method Year 2019 2020 2021 2022 2023 Totals Depreciation Expense Accumulated Depreciation Book Value
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