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Prepare depreciation schedules for the straight-line methods

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DuPage SA purchases a factory machine at a cost of €18,000 on January 1, 2017.
DuPage expects the machine to have a residual value of €2,000 at the end of its 4-year useful life.
During its useful life, the machine is expected to be used 160,000 hours. Actual annual hourly use was 2017, 40,000; 2018, 60,000; 2019, 35,000; and 2020, 25,000.

Instructions

Question 1: Prepare depreciation schedules for the following methods: (a) straight-line, (b) units of- activity, and (c) declining-balance using double the straight-line rate.

Reference no: EM132499509

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