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Torge Company bought a machine for $64,000 cash. The estimated useful life was five years and the estimated residual value was $7.000. Assume that the

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Torge Company bought a machine for $64,000 cash. The estimated useful life was five years and the estimated residual value was $7.000. Assume that the estimated useful life in productive units is 186,000. Units actually produced were 49,600 in year 1 and 55,800 in year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.) Depreciation Expense for Year 1 Year 2 Book Value at the end of Year 1 Yoar 2 Method of Depreciation Straight-line Units-of-production Double declining balance 2-a. Which method would result in the lowest net income for your 17 Straight line Double-declining balance Units-of-production 2.b. Which method would result in the lowest net income for year 27 Straight line

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