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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $620,000. The estimated residual value was $69,800.

Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $620,000. The estimated residual value was $69,800. Assume that the estimated useful life was five years, and the estimated productive life of the machine was 262,000 units. Actual annual production was as follows:

Year Units
1 75,000
2 64,000
3 32,000
4 55,000
5 36,000

Required:

1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round your intermediate calculations.)

a. Straight-line.

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b. Units-of-production.

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c. Double-declining-balance.

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Year At acquisition Depreciation Accumulated Net Expense Depreciation Book Value

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