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Eve Co purchases a machine that had a list price of $10,000 on January 1,2020.
The machine has no estimated residual value and a 2 years estimated useful life.
The Company is using the Performance-Related Method in case of depreciation
The machine was ready to use on February 1,2020
Note: During the estimated life the Company will use the machine as the following:
Year 1-130 days
Year 2-200 days
Required:
Fill the table below.
Note: the number of rows in the table may not equal and match the rows you need to use to complete the assignment Meaning: there could be additional lines.
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