A company bought a machine on January 1, 2017 for use in operations. The machine cost...

A company bought a machine on January 1, 2017 for use in operations. The machine cost $35,000 and the estimated residual value was $3,000. The machine has useful life of 3 years and produced 15,000 during 2017, 20,000 units during 2018 and 25,000 during 2019. Compute the depreciation expense under the straight line method for 2017, 2018 and 2019. Compute the depreciation under the units of production method for 2017, 2018 and 2019. Compute the depreciation under the double declining balance method for 2017, 2018 and 2019. Show the book value at the end of each year under the three methods. Show your work.

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ekkarill92 answered 11 months ago

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