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Prepare depreciation schedules for the first two years

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Reference no: EM131810117

From the following, prepare depreciation schedules for the first 2 years for

(a) straight-line,

(b) units-of-production, and

(c) double declining-balance at twice the straight-line rate methods.

Machine purchased on January 1, $1, 470.

Residual value, $290. Estimated useful life, 5 years.

Total estimated output, 590 units. Output year 1, 50 units. Output year 2, 200 units.

Reference no: EM131810117

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