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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.

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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. 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 1 2 3 4 5 Units 70,000 67,000 50,000 73,000 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. 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 Req 1B > Req 1A Reg 1B Req 1C Complete a depreciation schedule using the units-of-production method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 5

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