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Tamarack Company purchased a plant from one of its suppliers. The $1.000.000 purchase price included the land, a building and factory machinery am negotiate the
Tamarack Company purchased a plant from one of its suppliers. The $1.000.000 purchase price included the land, a building and factory machinery am negotiate the purchase of the plant. An appraisal showed the too l s for the purchased b 55.000 Property Assessed Value Bud Machinery machinery accounts in Tamara company records Using the assessed value as a guide allocate the total purchase price of the plant to the land buildinn Do not round until your finalan wwersRondanswers to the nearest door Allocation of Asset Purchase Fine Total Previous Save Answers Depreciation Methods On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $120,000, and its estimated useful life was four years or 920,000 cuttings, after which it could be sold for $5,000 Required a. Calculate each year's depreciation expense for the machine's useful life under each of the following depreciation methods (round all answers to the nearest dollar): 1. Straight-line. 2. Double-declining balance. 3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.)
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