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Calculate each year depreciation expense

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Question - On January 2, 2015, Alvarez Company purchased an electroplating machine to help manufacture a part for one of its key products. The machine cost $250,500 and was estimated to have a useful life of six years or 700,000 cuttings, after which it could be sold for $25,500.

Required - Calculate each year's depreciation expense for the period 2015-2020 under each of the following depreciation methods:

1. Straight-line.

2. Double-declining balance.

3. Units-of-production.

Reference no: EM133148583

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