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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $900,000. The estimated residual value was $106,200.
Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $900,000. The estimated residual value was $106,200. Assume that the estimated useful life was five years, and the estimated productive life of the machine was 294,000 units. Actual annual production was as follows: |
Year | Units |
1 | 81,000 |
2 | 69,000 |
3 | 36,000 |
4 | 64,000 |
5 | 44,000 |
Required: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. | Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line
b. Units of production
c. double-declining balance
|
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