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Calculate amount of depreciation expense for calendar years

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Question - On January 1 2014, a machine costing $230,000 with a 4-year service life and an estimated $3,000 residual value was purchased. It was also estimated that the machine would produce 50,000 units during its life. The actual units produced during its first 2 years of operation were 9,000 and 10,000 respectively.

Calculate the amount of depreciation expense for calendar years 2014 and 2015 under each of the following assumptions: (a) The company uses the straight-line method of depreciation.(b) The company uses the units-of-production method of depreciation.(c) Te company uses the double -declining- balance method of depreciation.

Reference no: EM132569693

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