Solution-Compute depreciation using double-declining balance

Compute depreciation using double-declining balance

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Reference no: EM13536298

On 2009 January 2, a new machine was acquired for USD 900,000. The M chine has an estimated salvage value of USD 100,000 and an estimated useful life of 10 years. The machine is expected to produce a total of 500,000 units of product throughout its useful life. Compute depreciation for 2009 and 2010 using each of the following methods:

a. Straight line.

b. Units of production (assume 30,000 and 60,000 units were produced in 2009 and 2010, respectively).

c. Double-declining balance.

Reference no: EM13536298

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Compute depreciation using double-declining balance

Reference no: EM13536298

Reference no: EM13536298

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