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Compute the annual depreciation expense for each year

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Reference no: EM132610264

Question - On December 31, 2017 Athletic shoe acquired new inspecting machine. Data is given below

Cost $600,000

Residual value $65,000

Useful life 5 Years

Units inspected 95,000 shoes

Year 1: 13,000,

Year 2: 16,000,

Year 3: 23,000,

Year 4:18,000,

Year 5: 25,000,

Required - Compute the annual depreciation expense for each year using the following methods.

a) Declining balance method?

b) Units of production method?

Reference no: EM132610264

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