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You are a financial analyst for Loch Motor Company and have been asked to determine the impact of alternative depreciation methods. For your analysis, you
You are a financial analyst for Loch Motor Company and have been asked to determine the impact of alternative depreciation methods. For your analysis, you have been asked to compare methods based on a machine that cost $ The estimated useful life is years and the estimated residual value is $ The machine has an estimated useful life in productive output of units. Actual output was in year and in year
Required:
For years and only, prepare separate depreciation schedules assuming:
a Straightline method.
b Unitsofproduction method.
c Doubledecliningbalance method.
Complete this question by entering your answers in the tabs below.
Required a
Required
Required c
For years and only, prepare separate depreciation schedules assuming straightline method.
Note: Do not round intermediate calculations and round your final answers to the nearest dollar amount.
tableYeartableDepreciationExpensetableAccumulatedDepreciationNet Book ValueAt acquisition,,,
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