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Torge Company bought a machine for $84,000 cash. The estimated useful life was five years and the estimated residual value was $9,000. Assume that the
Torge Company bought a machine for $84,000 cash. The estimated useful life was five years and the estimated residual value was $9,000. Assume that the estimated useful life in productive units is 177000 Units actually produced were 47,200 in year 1 and 53,100 In year 2 Required: 1. Determine the appropriate amounts to complete the fog schedule. (Do not round Intermediate calculations.) Depreciation Expense for Book Value at the end of Year 1 Year 2 Year 1 Year 2 $ 15,000 $ 15,000 $ 69,000 $ 54,000 Method of Depreciation Straight-line Units-of-production Double-declining balance $ 33,6005 20.1605 50,400 $ 30.240
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