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Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was 527,500. its estimated residual value was $8.500 at the end

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Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was 527,500. its estimated residual value was $8.500 at the end of an estimated 5-year life The company expects to produce a total of 10,000 units. The company produced 1050 units in 2016 and 1.500 units in 2017 Required: Calculate depreciation expense and accumulated depreciation for 2016 and 2017 using the straight-line method. Depreciation Expense Accumulated Depreciation s 2016 3,800 3,800 2017 3,800 7,600 $ $ $ Calculate the depreciation expense and accumulated depreciation for 2016 and 2017 b. using the units of production method. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) S Depreciation Expense Accumulated Depreciation 2016 1 .995 1.095 2017 2.850 4,845 $ S c. Calculate depreciation expense and accumulated depreciation for 2016 through 2018 using the double-declining balance method. (Round your final answer to nearest dollar value.) Depreciation Expense Accumulated Depreciation 2016 10.800 S 10.800 $ 2017 6 ,480 17.280 2018 3.888 21,168 $ S S 9 10 words Focus 2

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