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Complete the following table given this information: (Do not round intermediate calculations.) $ 94,000 $ 4,000 5 years Cost of machine Residual value Useful life Estimated units machine will produce Actual production: 100,000 Year 1 Year 2 60,000 15,000 Use MACRS table. Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)

Complete the following table given this information: (Do not round intermediate calculations.) $ 94,000 $ 4,000 5 years Cost of machine Residual value Useful life Estimated units machine will produce Actual production: 100,000 Year 1 Year 2 60,000 15,000 Use MACRS table. Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Complete the following table given this information: (Do not round intermediate calculations.) $ 94,000 $ 4,000 5 years Cost of machine Residual value Useful life Estimated units machine will produce Actual production: 100,000 Year 1 Year 2 60,000 15,000 Use MACRS table. Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)
Transcribed Image Text:Complete the following table given this information: (Do not round intermediate calculations.) $ 94,000 $ 4,000 5 years Cost of machine Residual value Useful life Estimated units machine will produce Actual production: 100,000 Year 1 Year 2 60,000 15,000 Use MACRS table. Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)
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