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Schrade Company bought a machine for $113,000 cash. The estimated useful life was four years, and the estimated residual value was $8,860. Assume that the
Schrade Company bought a machine for $113,000 cash. The estimated useful life was four years, and the estimated residual value was $8,860. Assume that the estimated useful life in productive units is 127,000. Units actually produced were 50,000 in year 1 and 52,000 in year 2. |
1.
value: 10.00 points
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Required: |
1. | Determine the appropriate amounts to complete the following schedule. (Round your answers to the nearest dollar amount. Do not round intermediate calculations.)
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