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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 5 years and the estimated productive life of the machine was 300,000 units. Actual production is noted below: Year Units 70,000 67,000 50,000 73,000 40,000 Complete a separate depreciation schedule for each methods noted below. Round your answer to the nearest dollar. Units-of Production Double-Declining-Balance
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