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Find the depreciation expense under the units-of-activity

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Reference no: EM132592980

Wood Company purchased a new machine on January 1, 2019, at a cost of $240.000. The company estimated that the machine will have a salvage value of $40.000. The machine is expected to be used for 10.000 working hours during its 5-year life.

Instructions:

Question 1: Compute the depreciation expense under the following methods for the year indicated:

a. Straight line for 2019

b. Units-of-activity for 2019, assuming machine usage was 1.700 hours.

c. Declining -balance using double the straight line rate for 2019 and 2020.

Reference no: EM132592980

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