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Calculate depreciation expense for the machines

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Depreciation methods

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Question : Port Kembla Steel purchases a machine on 1 July for $60000. The machine has an estimated useful life of seven years, during which time it is expected to produce 57400 units. Residual value is estimated at $2600. The machine produces 15 500 and 16200 units in its first and second financial years of operation, respectively.

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Problem 1: Calculate depreciation expense for the machine's first two years using the straight-line, reducing-balance (double straight-line rate) and units-of-activity methods of depreciation.

Reference no: EM132461908

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