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Year At acquisition 1 2 3 4 5 c. Double-declining-balance. Year At acquisition 1 2 Depreciation Expense 3 4 5 Depreciation Expense Accumulated Net Depreciation Book Value Accumulated Depreciation Net Book Value

Year At acquisition 1 2 3 4 5 c. Double-declining-balance. Year At acquisition 1 2 Depreciation Expense 3 4 5 Depreciation Expense Accumulated Net Depreciation Book Value Accumulated Depreciation Net Book Value

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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b. Units-of-production. Year At acquisition 1 2 3 4 5 c. Double-declining-balance. Year At acquisition 1 2 3 4 10 Net Depreciation Accumulated Expense Depreciation Book Value 5 Depreciation Accumulated Expense Depreciation Net Book Value
Transcribed Image Text:b. Units-of-production. Year At acquisition 1 2 3 4 5 c. Double-declining-balance. Year At acquisition 1 2 3 4 10 Net Depreciation Accumulated Expense Depreciation Book Value 5 Depreciation Accumulated Expense Depreciation Net Book Value
Year Units 1 83,000 2 71,000 3 38,000 4 66,000 5 50,000 WireDot Inc. is a manufacturer of specialized machinery. WireDot purchased a new stamping machine at the beginning of the year at a cost of $940,000. The estimated residual value was $77,600. Assume that the estimated useful life was five years, and the estimated productive life of the machine was 308,000 units. Actual annual production was as follows: Required: 1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round your intermediate calculations.) a. Straight-line. Year At acquisition 1 2 3 4 5 Saved Depreciation Accumulated Expense Depreciation Net Book Value He
Transcribed Image Text:Year Units 1 83,000 2 71,000 3 38,000 4 66,000 5 50,000 WireDot Inc. is a manufacturer of specialized machinery. WireDot purchased a new stamping machine at the beginning of the year at a cost of $940,000. The estimated residual value was $77,600. Assume that the estimated useful life was five years, and the estimated productive life of the machine was 308,000 units. Actual annual production was as follows: Required: 1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round your intermediate calculations.) a. Straight-line. Year At acquisition 1 2 3 4 5 Saved Depreciation Accumulated Expense Depreciation Net Book Value He
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