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Prepare and present depreciation schedules for the machine

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Reference no: EM131817999

Question - Your client, Burley Designs, recently acquired a new machine to build bicycle wheels for the tandems, recumbents and trailers they build. 

Total machine cost after installation, calibrations and other related capitalized costs was $18,250.  The machine has an expected life of 7 years with a residual value of $2000.  The machine is capable of producing 20,000 wheels per year.  Burley estimates that they will only ask the machine to produce as follows:

Year

Anticipated Product Schedule - Wheels

1

13,500

2

14,250

3

15,000

4

16,200

5

17,000

6

18,000

7

19,100

Prepare and present depreciation schedules for the machine. Use units of production method.

Reference no: EM131817999

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