Mickey Mouse purchased a machine for $ 260,000 from Donald Duck on January 3, 2022....
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Accounting
Mickey Mouse purchased a machine for $ 260,000 from Donald Duck on January 3, 2022. It made the following estimates: Service life 5 years or 20,000 hours Production 300,000 units Residual value $ 40,000 In 2022, Mickey uses the machine for 2000 hours and produces 50,000 units. Required: Compute the depreciation for 2022 under each of the following methods: straight line sum-of-the-years-digits double-declining-balance activity method based on hours worked activity method based on units of output
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