Solution-Calculate depreciation expense on the

Calculate depreciation expense on the manufacturing machine

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Reference no: EM132573115

Question - On January 2, year 3, Gray purchased a manufacturing machine for $864,000. The machine has an eight year estimated life and a $144,000 estimated salvage value. Gray expects to manufacture 1,800,000 units over the life of the machine. During year 4, Gray manufactured 300,000 units.

Required - Calculate depreciation expense on the manufacturing machine for year 4 for each method listed.

1. Straight line

2. Double declining balance

3. Sum of the years' digit

4. Units of production

Reference no: EM132573115

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Calculate depreciation expense on the manufacturing machine

Reference no: EM132573115

Reference no: EM132573115

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