Solution-Prepare a table showing depreciation expense

Prepare a table showing depreciation expense

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Reference no: EM132534026

Question - Lasting Company purchases a computerized manufacturing machine for $60,000 to use in operating activities for the next five years. It estimates the equipment's salvage value at $5,000. The machine is estimated to produce 220,000 units over its useful life. In year 1 it produced 36,000 units, in year 2: 44,000 units, in year 3: 52,000 units, in year 4: 60,000 units and in year 5: 32,000 units.

Required - Prepare a table showing depreciation expense, accumulated depreciation and book value for each of the five years assuming units of production depreciation.

Reference no: EM132534026

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Prepare a table showing depreciation expense

Reference no: EM132534026

Reference no: EM132534026

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