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Amwaj Indstrial Co. purchased an equipment for $360,000 on 1 Jan 2020. It is estimated...

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Accounting

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Amwaj Indstrial Co. purchased an equipment for $360,000 on 1 Jan 2020. It is estimated that the equipment will have a 10-year useful to or 175,000 units over bauen 4 points life and its salvage value at the end of useful life is estimated as $10,000. Required: Compute the deproclation expense for the year ended December 31, 2020, using the following methods of depreciation (Pleate, SHOW YOUR CALCULATIONS) 1. Straight-line method of depreciation. 2. Units-of-production method of depreciatiomassuming that the company produced 44,000 units in 2020, 3. Double-declining-balance method of depreciation. For the toolbar, press ALT F10 (PC) or ALT:FNAFIQ (Mad 2IXO Ania B IVS Paragraph Top! 311 P

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