The Little Shell Co. purchased a drilling machine on 1 January 2019 for 174,000....
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Accounting
The Little Shell Co. purchased a drilling machine on 1 January 2019 for 174,000. The useful life of the machine is estimated at three years with a residual value at the end of this period of 24,000.
The total units expected to be produced over three years are 24,000:
Year 2019: 11,000 units
Year 2020: 7,000 units
Year 2021: 6,000 units
Using the most appropriate depreciation method, the depreciation expense for 2021 would be:
37,500
50,000
29,000
43,500
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