Dersch Co. purchased a machine on January 10, 2017, for $1,500,000. Using the tables provided...
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Accounting
Dersch Co. purchased a machine on January 10, 2017, for $1,500,000. Using the tables provided calculate the annual depreciation expense, accumulated depreciation, and book value for each year of the machine's life using the straight line, units of production and declining balance methods. The estimated useful life of the machine was 5 years or 50,000 hours with a residual value of $150,000. During the machine's life it was used 12,000;13,500;11,750;13,600; and 8,500 hours
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