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Calculate the depreciation for each of the property

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Reference no: EM132610738

The details of the January 1, 2020 purchase of property, plant & equipment by Bridgeport Industries is as follows:

                                             Cost                            Residual Value                     Useful Life                      Depreciation Method

Machinery                               $1,351,000                       $101,000                      1 million units               Activity Method

Building                                   $708,000                          $78,000                      30 years                      Straight line

Computer                              $167,500                             $12,000                     5 years                    Double-Declining-Balance

Question 1: During 2020 Bridgeport produced 216,000 units using its machinery. Calculate the 2020 depreciation for each of the property, plant & equipment items.

Reference no: EM132610738

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