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unset Unlimited bought a machine for $71,000 cash. The estimated useful life was five years and the estimated residual value was $8,000, Assume that the

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unset Unlimited bought a machine for $71,000 cash. The estimated useful life was five years and the estimated residual value was $8,000, Assume that the estimated useful life in productive units is 159,000 . Units actually produced were 42,400 in year. 1 and 47700 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1 ? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1 ? Complete this question by entering your answers in the tabs below. Determine the appropriate amounts to complete the following schedule, (Do not round intermediate calculations. Round fina answers to the nearest whole dollac.)

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