Calculate and record depreciation using the methods of:

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Calculate and record depreciation using the methods of: 1. Straight-line, 2. units-of - production 3. double - declining - balance Sigma Corporation, purchased a machine
for $50,000 on January 1, 2001, with an estimated useful life of 5 years and a salvage value of $5,000. The machine produced 20, 000 units in 2001, 15,000 units in
2002, 10,000 units in 2003, 5,000 units in 2004, and 2, 500 units in 2005.
Transcribed Image Text:Calculate and record depreciation using the methods of: 1. Straight-line, 2. units-of - production 3. double - declining - balance Sigma Corporation, purchased a machine for $50,000 on January 1, 2001, with an estimated useful life of 5 years and a salvage value of $5,000. The machine produced 20, 000 units in 2001, 15,000 units in 2002, 10,000 units in 2003, 5,000 units in 2004, and 2, 500 units in 2005.
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