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Calculate the book value of the machine using straight line

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Reference no: EM132959890

Problem 1: A company purchases a new machine for $98000 units of production on January 1, 2014. Its predicted useful life is 5 years or 100000 units of product and its residual value is $8000. During 2014, $20000 units of product are produced. Calculate the book value of the machine using

a. Straight line method (include graphs)

b. Units of production method

c. Assume that the useful life is now 7 months longer. How will your answer to part (a) change?

Reference no: EM132959890

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