Question 3 (8 Points) On January 1, 2019, a machine costing $73,000 with a 6-year...
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Question 3 (8 Points) On January 1, 2019, a machine costing $73,000 with a 6-year life and an estimated $1,000 residual value was purchased. It was also estimated that the machine would produce 360,000 units during its life. The actual units used during the year (2019) were 80,000 units. Determine the amount of the depreciation in 2020 (end of the second year), under the following methods a) Straight-line b) Units-of-Production c) Double Declining-Balance Op.) Question 3 (8 Points) On January 1, 2019, a machine costing $73,000 with a 6-year life and an estimated $1,000 residual value was purchased. It was also estimated that the machine would produce 360,000 units during its life. The actual units used during the year (2019) were 80,000 units. Determine the amount of the depreciation in 2020 (end of the second year), under the following methods a) Straight-line b) Units-of-Production c) Double Declining-Balance
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