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Tennis, Inc. is a company that manufactures and sells tennis racquets. On 1/1/19, the company purchases a piece of manufacturing equipment for $3,300,000 cash. The
Tennis, Inc. is a company that manufactures and sells tennis racquets. On 1/1/19, the company purchases a piece of manufacturing equipment for $3,300,000 cash. The expected residual value is $300,000 and the useful life is 8 years. The company expects to produce 1,500,000 racquets with the equipment: 300,000 racquets in 2019; 250,000 racquets in 2020; 200,000 racquets in 2021; and 150,000 racquets in 2022-2026. Round per unit to nearest cent, total to nearest dollar. Straight-Line method of depreciation. 2019 2021 2020 Depreciation Expense for the year Accumulated Depreciation at year-end Production method of depreciation 2019 2020 2021 Depreciation Expense for the year Accumulated Depreciation at year-end Double-Declining-Balance_method of depreciation 2020 2019 2021 Depreciation Expense for the year Accumulated Depreciation at year-end
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