A
machine costing $250,000 with a five-year life and an estimated
$25,000 salvage value is installed in...
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Accounting
Amachine costing $250,000 with a five-year life and an estimated$25,000 salvage value is installed in Sun Company’s factory onJanuary 1. The factory manager estimates the machine will produce400,000 units of product during its life. It actually produces thefollowing units: year 1-100,000, year 2-120,000 and year 3-20,000units.
Prepare depreciation schedules computing depreciation for the first3 years under the straight-line method and units of productionmethod.
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