Part 3: (total 9 points) Ramirez Company paid $287,600 cash plus $11,500 in sales tax...
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Accounting
Part 3: (total 9 points) Ramirez Company paid $287,600 cash plus $11,500 in sales tax and $1,500 in transportation to install a computerized manufacturing machine in its factory at the beginning of the year. The machine useful life is estimated at 10 years, or 385,000 units of product, with a $50,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine's second-year depreciation under three different methods: a. the straight-line method. b. the unit-of production method. c. the double-declining-balance method
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