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QUESTION THREE (25 Marks) Shauriwako Company purchases a factory machine at a cost of $18.000 on January 1, 2012. The machine is expected to have
QUESTION THREE (25 Marks) Shauriwako Company purchases a factory machine at a cost of $18.000 on January 1, 2012. The machine is expected to have a salvage value of $2,000 at the end of its 4-year useful life. During its useful life, the machine is expected to be used 160,000 hours. Actual annual hourly use was: Year One. 40,000 Year Two........60.000 Year Three......35,000 Year Four......25,000 Instructions Prepare depreciation schedules for the following methods: a) The straight line b) Units of activity c) Double decline on straight line d) Sum of the years* digits
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