This assignment requires you to present the four depreciation methods that we described in this...
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Accounting
This assignment requires you to present the four depreciation methods that we described in this module:
On January 1,2011, a machine was installed at Tesla Factory at a cost of $100,000. Its estimated residual value at the end of its estimated life of 5 years is $10,000. The machine is expected to produce 60,000 units with the following production schedule:
units -- 2011: 8,000
units -- 2012: 17,000
units -- 2013: 15,000
units -- 2014: 10,000
units --2015: 10,000
Complete depreciation schedules for:
(a) straight-line,
(b) units of production,
(c) sum-of-the-years-digits,
(d) declining balance at twice the straight-line rate.
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