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Ramez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,800. The machine's useful life
Ramez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,800. The machine's useful life is estimated at 10 years, or 320,000 units of product, with a $6,400 salvage value. During its second year, the machine produces 28,800 units of product Required: 1. Determine the machine's second-year depreciation under the straight-line method. 2. Determine the machine's second-year depreciation using the units-of-production method. 3. Determine the machine's second-year depreciation using the double-declining-balance method
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