DON'T USE AI Obtain the annual depreciation of the pencil machine, which cost $200,000. At the end of its 5-year useful life, $15,000 i redeemed and it is considered that 8 million pieces are produced, distributed as follows: End of the year Year 1 2 3 4 5 Annual production Production 2 millions 2 millions 2 millions 1 million 1 million annual depreciation Accumulated depreciation da book value

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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SOLVE STEP BY STEP IN DIGITAL FORMAT
DON'T USE AI
Obtain the annual depreciation of the pencil machine, which cost $200,000. At the end of its 5-year useful life, $15,000 is
redeemed and it is considered that 8 million pieces are produced, distributed as follows:
End of the year
0
1
2
3
4
5
Year
1
2
3
4
5
Annual
production
Production
2 millions
2 millions
2 millions
1 million
1 million
annual
depreciation
Accumulated
depreciation
ida book value
Transcribed Image Text:SOLVE STEP BY STEP IN DIGITAL FORMAT DON'T USE AI Obtain the annual depreciation of the pencil machine, which cost $200,000. At the end of its 5-year useful life, $15,000 is redeemed and it is considered that 8 million pieces are produced, distributed as follows: End of the year 0 1 2 3 4 5 Year 1 2 3 4 5 Annual production Production 2 millions 2 millions 2 millions 1 million 1 million annual depreciation Accumulated depreciation ida book value
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