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Tina owns a hostel in a large town. She bought a copy machine for $1, 700, which has a life expectancy of 40,000 units. In
Tina owns a hostel in a large town. She bought a copy machine for $1, 700, which has a life expectancy of 40,000 units. In the first year, Tina and her staff copied 800 units. In the second year, they copied 900 units, and in the third year, they copied 1, 400 units. Using the units of production method of depreciation, what is the value of the copy machine after year 3? An entity sold depreciable assets in the middle of the fifth year of its estimated 10 year useful life. The original cost of the asset was $200,000, and it was been depreciated on the strait line basis. If the asset was sold for $160,000. Calculate the gain of the sale. On January 1, 20X1 NCAA Company purchased a truck that cost $44,000. The truck had an expected useful life of 5 years and a $4,000 salvage value. Calculate the amount of depreciation expense recognized in 20X3 assuming that NCAA uses the double declining balance method is
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