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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $700,000. The estimated residual value was $61,600.

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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $700,000. The estimated residual value was $61,600. Assume that the estimated useful life was five years, and the estimated productive life of the machine was 266,000 units. Actual annual production was as follows: b. Units-of-production. c.Double-declining-balance

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