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The Gruman Company purchased a machine for $ 220,000 on January 2, 2013. It made the following estimates: Service life 5 years or 10,000 hours

The Gruman Company purchased a machine for $ 220,000 on January 2, 2013. It made the following estimates:

Service life

5 years or 10,000 hours

Production

200,000 units

Residual value

$ 20,000

For each method, what is the book value of the machine at the end of 2013? At the end of 2014?

Straight-line method

2013

$

2014

$

Sum-of-the-years'-digits method

2013

$

2014

$

Double-declining-balance method

2013

$

2014

$

Activity method based on hours worked

2013

$

2014

$

Activity method based on units of output

2013

$

2014

$

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