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This is all the information given. Banko incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1 , Year 1
This is all the information given.
Banko incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1 , Year 1 : During Year 1, the machine produced 44,000 units, and during Year 2 it produced 46,000 units. Required: o. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method. b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. Note: Round your answers to the nearest dollar amount. MACRS toble: a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line miethod. b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. Note: Round your answers to the neorest dollor omount. MACRS toble Step by Step Solution
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