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Question 2 On January 1, 2013, Marine Corporation purchased machinery for $115,000. The estimated service life of the machinery s 10 years and the estimated

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Question 2 On January 1, 2013, Marine Corporation purchased machinery for $115,000. The estimated service life of the machinery s 10 years and the estimated residual value is $5,000. The machinery is expected to produce 220,000 during its life. Required Calculate depreciation for 2013 to 2017 using each of the following methods. Round all computations to the nearest dollar. 1. Straight line Depreciation 2. Sum of Years Digits. 3. Double Declining Balance 4. Units of production method. Note: The units produced during 2013, 20,000 units; 2014, 15,000 units; 2013, 25,000 units; 2016, 30,000 units, and 2017, 10,000 units

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