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show all of the steps and also draw graph for straight line depreciation. On 1/1/23 ABC Co. purchased equipment costing $100,000. It has an expected

show all of the steps and also draw graph for straight line depreciation. image text in transcribed
On 1/1/23 ABC Co. purchased equipment costing $100,000. It has an expected useful life of 10 years, with an expected salvage value of $10,000. It is expected that it will produce total output of 1,000,000 units. The following output was made during 2023 - 2025: 2023: 90,000 units 2024: 100,000 units 2025: 120,000 units Required: 1. Compute depreciation for 2023, 2024, and 2025 using: a. Straight-line depreciation (same every yeur) b. Declining balance depreciation c. Units of output depreciation 2. Assume that the firm uses straight-line depreciation. On 1/1/26 the equipment is sold for $78,000. Record the sale. onlu 23,24,25

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