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VanHoutte foods bought machinery on September 10, 2014, for $156,000. It was determined that the machinery would be used for six years or unit it
VanHoutte foods bought machinery on September 10, 2014, for $156,000. It was determined that the machinery would be used for six years or unit it produced 200,000 units and then would be sold for about $26,400. Complete the schedule below by calculating annual depreciation to the nearest whole month for 2014,2015, and 2016. VanHoutte?s year-end is December 31. Round the per unit depreciation expense to three decimal places. Assume actual units produced of: Analysis Component : If depreciation is not recorded, what is the effect on the income statement and balance sheet
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