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with all calculations please!! Watkins Production purchased a new computerized machine at a cost of $450,000. The machine has a residual value of $64,000 and
with all calculations please!!
Watkins Production purchased a new computerized machine at a cost of $450,000. The machine has a residual value of $64,000 and an expected life of 5 years. 1. Using the tablel started for you below, calculate the depreciation expense, accumulated depreciation and book value for all 5 years of the machine's expected life using the double-declining-balance method of depreciation. For year 4 , do not double the depreciation ratio 0 ust use the single declining balance ratio) and for year 5 , use the previous year book value and the known ending residual value to calculate that last year of depreciation expense (remember, the depreciation expense in the final year cannot cause the final book value to be lower than the known residual valuel). (8 points. Need to use formulas/cell references in the cells whenever possible in order to earn full credit.) Step by Step Solution
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