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Compute depreciation under the straight-line method

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Problem - Shamrock Company purchased machinery for $155,400 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 77,200 units, and working hours of 41,700. During 2017, the company uses the machinery for 18,765 hours, and the machinery produces 23,160 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years'-digits, and double-declining-balance methods.

Reference no: EM132470035

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