Solution-What is the annual depreciation amount for each

What is the annual depreciation amount for each years

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Problem 1: A machine costing $180,000 has an estimated residual value of $15,000 and an estimated service life of ten years. What is the annual depreciation amount for each of the first two full years under the following methods?

1. Double declining-balance.
2. Units of production. Lifetime production is estimated at 110,000 units; the machine produced 12,000 units in year one and 18,000 in year two.
3. Straight-line depreciation method.

Reference no: EM132737703

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What is the annual depreciation amount for each years

Reference no: EM132737703

Reference no: EM132737703

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