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Solve the following problems by providing what is asked for each one. Problem 2 Michigan Company acquired a machine on January 1, 2021 that cost

Solve the following problems by providing what is asked for each one.
Problem 2
Michigan Company acquired a machine on January 1, 2021 that cost $2,700 and had an estimated residual value of $200. Complete the following schedule using the three methods of depreciation: A.) straight-line, B.) units-of-production, C.) double declining-balance.
Method Estimated Useful Life Depreciation Expense for 2022 Accumulated Depreciation 12/31/2022
A. Straight Line 5 years
B. Units of Production 10,000 units (total)
1,000 units (20X1's actual)
1,200 units (20X2's actual)
C. Declining Balance 5 years

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