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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.
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