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Question On October 1, 2019, Jay Company purchased a new machine for $112 500 The machine is estimated to have a $10,500 salvage value after
Question On October 1, 2019, Jay Company purchased a new machine for $112 500 The machine is estimated to have a $10,500 salvage value after its 10-year useful life. The machine is expected to be used 20,000 working hours over As usolut tre Instructions: Complate the lollowing 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 Depreciation Expense Accumulated Depreciation Book Value 2020. Declining Balance Method (Assuming double the straight-line rate) Year Depreciation Expense Accumulated
Depreciation Book Value 2019 2020 Units of Activity Method (Assuming machine working hours are as follows: 2019: 1,500; 2020: 4,000) Year Depreciation Expense Accumulated Depreciation Book Value 2019 2020
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