Machinery is purchased on july 1 of the current fiscal year

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Machinery is purchased on July 1 of the current fiscal year for $240,000. It is expected to have a useful life of 4 years, or 25,000 operating hours, and a residual value of $15,000. Compute the depreciation for the last six months of the current fiscal year ending December 31 by each of the following methods:

(a)straight-line

(b)declining-balance at twice the straight-line rate

(c)units-of-production.

Reference no: EM13579685

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