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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,377,500. The estimated residual value was $72,500.
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,377,500. The estimated residual value was $72,500. Assume that the estimated useful life was five years and the estimated productive life of the machine was 300,000 units. Actual annual production was as follows: Year Units 1 70,000 2 67,000 3 50,000 4 73,000 5 40,000 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete a depreciation schedule using the straight-line method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete a depreciation schedule using the units-of-production method. (Use two decimal places for the per unit output factor.) Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 1B Req 1C Reg 1c Complete a depreciation schedule using the double-declining-balance method. (Do not round your intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition
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