Question: On January 2, 2024, Mikaal Associates purchased branding equipment at a cost of $125,000. Before placing the equipment in service, the company spent $1,700 for

On January 2, 2024, Mikaal Associates purchased branding equipment at a cost of $125,000. Before placing the equipment in service, the company spent $1,700 for delivery, $3,700 to customize the equipment, and $1400 for installation. Management estimates that the equipment will remain in service for six years and have a residual value of $19,000. The equipment can be expected to brand 8,000 pieces in each of the first four years and 13,000 pieces in each of the next two years. In trying to decide which depreciation method to use, Mikaal Assoicate requests a depreciation schedule for each method (straight-line, units-of-production, and double-diminishing-balance)

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