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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,235,000. The estimated residual value was $65.000.
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,235,000. The estimated residual value was $65.000. 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 Units 1 7e, eee 2 67,000 3 50, eee 4 73,000 5 40, eee 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
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