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Business, 01.05.2021 02:10 dkargbo6034

On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost of $62,000. The estimated residual value is $7,000. Assume that the estimated useful life is four years and the estimated productive life of the machine is 550,000 units. Actual production in years 1 to 4 are as follows: Year Units 1 165,000 2 121,000 3 151,250 4 112,750 Required: a. Calculate depreciation expense under the Straight-line method for Years 1 to 4. b. Calculate depreciation expense under the Units-of-production method for Years 1 to 4. c. Complete a depreciation schedule under the Double-declining-balance method.

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On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost...
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