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Strong Metals incorporated purchased a new stamping machine at the beginning of the year at a cost of $1,520,000. The estimated residual value was $80,000.

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Strong Metals incorporated purchased a new stamping machine at the beginning of the year at a cost of $1,520,000. The estimated residual value was $80,000. 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: Required: 1. Complete a separate depreciation schedule for each of the alternative methods: a. Straight-line. b. Units-of-production. c. Double-declining-balance. \begin{tabular}{|c|c|c|c|} \hline Year & DepreciationExpense & AccumulatedDepreciation & NetBookValue \\ \hline At acquisition & & & \\ \hline 1 & & \\ \hline 2 & & \\ \hline 3 & & \\ \hline 4 & & \\ \hline 5 & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Year & DepreciationExpense & AccumulatedDepreciation & NetBookValue \\ \hline At acquisition & & & \\ \hline 1 & & & \\ \hline 2 & & & \\ \hline 3 & & & \\ \hline 4 & & & \\ \hline 5 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Year & DepreciationExpense & AccumulatedDepreciation & NetBookValue \\ \hline At acquisition & & & \\ \hline 1 & & & \\ \hline 2 & & & \\ \hline 3 & & \\ \hline 4 & & \\ \hline 5 & & \\ \hline \end{tabular}

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