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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $740,000. The estimated residual value was $67,500.
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $740,000. The estimated residual value was $67,500. Assume that the estimated useful life was five years, and the estimated productive life of the machine was 269,000 units. Actual annual production was as follows:
Year | Units |
1 | 79,000 |
2 | 67,000 |
3 | 29,000 |
4 | 59,000 |
5 | 35,000 |
Required: | |
1. | Complete a separate depreciation schedule for each of the alternative methods. |
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