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Flint Meta Shop purchased a stamping machine for $147000 on March 1 2006The machine is expected to have a useful life of 10 years a salvage value of$27000 a production of 250000 units and work

Flint Meta Shop purchased a stamping machine for $147,000 on March 1, 2006.The machine is expected to have a useful life of 10 years, a salvage value of$27,000, a production of 250,000 units, and working hours of 30,000. During2006, Flint used the stamping machine for 2,450 hours to produce 23,450 units.

From the information given, compute the book depreciation expense for 2006 under each of the following methods:

(a) Straight line.

(b) Units-of-production method.

(c) Working hours.

(d) Double-declining balance (without conversion to straight line).

(e) Double-declining balance (with conversion to straight line). 

May 21 2020 View more View Less

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