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Determine the appropriate amounts to complete

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Question - Schrade Company bought a machine for $72,000 cash. The estimated useful life was five years, and the estimated residual value was $5,400. Assume that the estimated useful life is 133,200 units. Units actually produced were 45,250 in year 1 and 43,050 in year 2.

Required -

1. Determine the appropriate amounts to complete the following schedule.

2. Which method would result in the lowest earnings per share for year 1? For year 2?

3. Which method would result in the highest amount of cash outflows in year 1?

-Straight-line method

-Units-of-production method

-Double-declining-balance method

-Depreciation does not impact cash

Reference no: EM133138662

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