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The Jefferson Co. purchased a machine on January 1, 201 The machine cost $595,000. It had...

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Accounting

  1. The Jefferson Co. purchased a machine on January 1, 201 Themachine cost $595,000. It had an estimated life of ten years, or30,000 units, and an estimated residual value of $40,000. In 2016,Jeffries produced 3,000 units.

    Required:

    Compute the depreciation charge for 2016 using each of thefollowing methods:

a.

Double-declining-balance method

b.

Activity method (units of output)

c.

Sum-of-the-years'-digits method

d.

Straight-line method


I think I did this right, but want to make sure

Answer & Explanation Solved by verified expert
3.7 Ratings (323 Votes)
Computation of Depreciation expense for the year 2016 a Double Declining Balance Methods Double declining balance rate 100useful life2 100102 20 Depreciation expense    See Answer
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