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The red highlighted numbers are incorrrct. The green are correct. X for Calculate the Depreciation for Lone Star Industries purchased the following items of equipment,

The red highlighted numbers are incorrrct. The green are correct. image text in transcribed
X for Calculate the Depreciation for Lone Star Industries purchased the following items of equipment, with the following purchase information Machine B is an ore crushing machine, it is able to crush 100,000 tons of ore before it needs to be replaced. Production in Year 1 was 5,000 tons, and was 25,000 tons in Year 2 Machine Machine | Machine C Date Acquired 1/1/15 10/1/15 6/1/15 Cost of the Asset Delivery Freight Installation Cost 10,000 400 653 382,000 20,000 19,053 23,400 260 1,600 Useful Life - Residual Value = 5% of Cost 5 years 6 years Method of Depreciation Straight Line Units of Production Double Declining Balance 25,260.00 Calculate the Depreciable cost $ 11,053.00 $ 421,053.00 $ $ 2,100.00 $ 20,000.00 $ 4,912.00 Calculate the Depreciation for 3 the first year of operation Calculate the Depreciation for - the second year of operation $ 2,100.00 $ 100,000.00 $ 6,782.00 use the space below for your calculations, round amounts to the nearest whole dollar Work Shown Below

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