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In January of 2012, Madi-Annalise Inc. (MAD) a popular cosmetic company located at Lehigh University...

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Accounting

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In January of 2012, Madi-Annalise Inc. (MAD) a popular cosmetic company located at Lehigh University purchased a machine for $240,000. The machine has an expected 4 year economic life (corresponding to 11.400 hours) and a salvage value of $12,000 if the company uses the straight- line depreciation method, the depreciation expense in 2013 is? $60,000 If the company uses the units of production depreciation method, the depreciation expense in 2013 (assuming the machine runs 4,750 hours in 2013) is? Choose.. If the company uses the double declining balance depreciation method, the depreciation expense in 2014 is? Choose... - Next page

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