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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $950,000. The estimated residual value was $50,000.
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $950,000. The estimated residual value was $50,000. 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: Tear Units 1 70,000 2 67,000 50,000 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 IA Reg 10 Reg 10 Complete a depreciation schedule using the Straight-line method. Year Depreciation Accumulated Net Expense Depreciation Book Value Al acquisition 1 2 3 4 5 Reg 18 >
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