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The Jefferson Co. purchased a machine on January 1, 201 The machine cost $595,000. It had an estimated life of ten years, or 30,000 units,
- The Jefferson Co. purchased a machine on January 1, 201 The machine cost $595,000. It had an estimated life of ten years, or 30,000 units, and an estimated residual value of $40,000. In 2016, Jeffries produced 3,000 units. Required: Compute the depreciation charge for 2016 using each of the following methods:
a. | Double-declining-balance method |
b. | Activity method (units of output) |
c. | Sum-of-the-years'-digits method |
d. | Straight-line method I think I did this right, but want to make sure |
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