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Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $32,000. The estimated useful life was five years and
Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $32,000. The estimated useful life was five years and the residual value was $4,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production for year 1, 2,100 units; year 2, 3,100 units; year 3, 2,100 units; year 4, 2,100 units; and year 5, 600 units. |
Required: | |
1. | Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) |
a. | Straight-line. |
b. | Units-of-production. |
c. | Double-declining-balance. |
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