Danico Co. purchased a machine on March 1, 2019. for $150,000. Calculate the annual depreciation...
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Danico Co. purchased a machine on March 1, 2019. for $150,000. Calculate the annual depreciation expense under all three methods (straight-line, units-of-production and double-declining-balance) for each year of the machine's life (estimated at 5 years or 50,000 hours with a residual value of $15,000). During the machine's life it was used 15,000: 14,000: 5,000: 9,000 and 6,000 hours. Danico's year-end is December 31
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