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Schrade Company bought a machine for $102,000 cash. The estimated useful life was four years, and the estimated residual value was $6,060. Assume that the

Schrade Company bought a machine for $102,000 cash. The estimated useful life was four years, and the estimated residual value was $6,060. Assume that the estimated useful life in productive units is 123,000. Units actually produced were 46,000 in year 1 and 48,000 in year 2.

1.

Determine the appropriate amounts to complete the following schedule.

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Depreciation Expense for Net Book Value at the End of Method of Depreciation Straight-line Units-of-production Double-declining-balance Year 1 Year 2 Year 1 Year 2

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