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The equipment cost $256,000 and has a useful life of 8 years. The estimated residual value is $48,000 and the equipment is estimated to
The equipment cost $256,000 and has a useful life of 8 years. The estimated residual value is $48,000 and the equipment is estimated to produce 1,600 broomsticks. The actual number of broomsticks produced each year is given in the table below: Year 1 2 3 4 5 6 7 8 9 10 Broomsticks Produced 200 240 320 240 200 160 160 80 0 0 1. Input your answers into the depreciation schedules below: There may be more rows in the tables than you need. If so, leave them blank. Year 1 2 3 4 5 6 7 8 9 10 Straight Line Depreciation Accumulated Depreciation Depreciation Expense End of Year Book Value Year 1 2 3 4 5 6 7 8 9 10 Beginning of Year Book Value Double Declining Balance Depreciation Depreciation Expense Accumulated Depreciation End of Year Book Value Year 1 2 3 4 5 6 7 8 9 10 Sum-of-the-Years-Digits Depreciation Depreciation Expense Accumulated Depreciation End of Year Book Value Year 1 2 3 4 5 6 7 00 8 9 10 Units-of-Production Depreciation Accumulated Depreciation Depreciation Expense End of Year Book Value
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