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your answers to the nearest dollar On January 1, 2014, Courier Inc. purchased new equipment that had a total cost (including shipping and installation) of

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your answers to the nearest dollar

On January 1, 2014, Courier Inc. purchased new equipment that had a total cost (including shipping and installation) of $76,000. The equipment is expected to have a useful life of four years or produce a total of 116,000 units. At the end of its life, the equipment is expected to have a residual value of $5,100. The equipment is expected to produce 20,880 units in 2014; 30,160 units in 2015; 30,160 units in 2016; and 34,800 units in 2017. Courier Inc.'s fiscal year ends on December 31. In the table below, fill in the missing depreciation expense and accumulated depreciation amounts using the straight-line, double-declining-balance, and units-of-production methods. Do not round your intermediate calculation. When required, round your answers to the nearest dollar. $76,000 Year 2014 2015 2016 2017 Depreciation Expense Double- Declining- Balance Method $38,000 x $9,500 $4,400 Accumulated Depreciation Straight-line Method 17,725 $17,725 $17,725 $17,725 unit-of- Production Method $12,762 $18,434 $21,270 Straight-line Method $17,725 $53,175 $70,900 Double- Declining- Balance Method $38,000 $57,000 $70,900 unit-of- Production Method $12,762 $31,196 $49,630

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