Smith Brothers manufacturing purchased a new machine at an invoiced price of $310,000. It is...
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Smith Brothers manufacturing purchased a new machine at an invoiced price of $310,000. It is expected to have 900,000 units of production in its lifetime. Life expectancy is five years. At the end of it's useful life it will have a salvage value of $10,000 200 tin The machine produced the following Year 1 Year 2 Year 3 Year 4 Year 5 150,000 units 200,000 units 250,000 units 200,000 units 100,000 units What is the depreciable cost of the machine? 2 Calculate the annual depreciation using the straight line method of depreciation Depr. Exp Accumulated Depreciation Year end Book Value Year 1 4 Calculate the cost of the ending inventory using the weighted average unit method Depr. Exp Accumulated Depreciation Year end Book Value Year 1 4 Calculate the annual depreciation for each of the five years using the declining balance method of depreciation Depr. Exp. Accumulated Depreciation Year end Book Value Year 1 4 Extra Credit Happy Holidays!!! You just got five extra points
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