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60,000 50,000 Guru Co. has the following information about an asset: Purchase Price...

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Accounting

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60,000 50,000 Guru Co. has the following information about an asset: Purchase Price $140,000 Units produced 1st year Residual Value $10,000 Units produced 2nd year Estimated Life Units produced 3rd year Estimated Total 200,000 Units produced 4th Production units year Units produced 5th year 5 years 40,000 50,000 20,000 A. Calculate accumulated depreciation at the end of the second year of the asset's life under the Units-of-production method (round the depreciation rate to 2 decimal places) B. Calculate depreciation expense for the 1st year of the assets life using the Double- declining Balance Method: C. Calculate depreciation expense for the 2nd year of the assets life using the Double- declining Balance Method

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