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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of 5800,000. The estimated residual value was $87,600.
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of 5800,000. The estimated residual value was $87,600. Assume that the estimated usetul life was five years, and the estimated productive life of the machine was 274,000 units. Actual annual production was as follows: Year nits 177,000 2 68,000 3 32,000 4 60000 5 37,000 Required: . Complete a separate depreciation schedule for each of the alternative methods. (Do not round your intermediate calculations.) iation Year Book Value At acquisition b.Units-of-production. Year Book Value At acquisition c. Double-declining-balance. Year Book Value At acquisition
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