Majed company purchased a printing machine for $39,000. The machine has a useful life of...
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Majed company purchased a printing machine for $39,000. The machine has a useful life of 6 years and a residual value of $9,000. It is estimated that the machine could produce 120,000 printouts over its useful life. In the first year, 18,000 printouts were printed. In the second year, production increased to 23,000 units. Using the units-of-Jproduction method, what is the amount of depreciation expense that should be recorded for the second year? $5,850 $8,750 $5,750 $4,750 Ahmed company installs a new manufacturing machine on 1st January 2020 paying BD 530,000 for it. The machine's useful life is estimated at 16 years, with a salvage value of BD 70,000. Compute the ending book value for the second year by using Double declining balance. 405,000 405,780.250 405,700 405,781.250
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