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Calculate yearly depreciation under the units-of-production

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Reference no: EM132687825

Assume the following information in regard to a depreciable asset.

Cost $660,000

Salvage Value $20,000

Question A.) Calculate the yearly depreciation under the straight-line method, assuming a useful life of 10 years.

Complete the journal entry to record yearly depreciation (Account title, debit & credit)

Question B.) Calculate the yearly depreciation under the units-of-production method, assuming useful life of 10,000 units, and 500 units produced in the current year.

Complete the journal entry to record yearly depreciation. (Account title, debit & credit)

Question C.) Calculate the yearly depreciation under the double-declining balance method.

Complete the journal entry to record yearly depreciation. (Account title, debit & credit)

Reference no: EM132687825

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