Question: calculate the depreciation by double diminishing method A machine that produces cellphone components is purchased on January 1,2024 , for $117,000. It is expected to

calculate the depreciation by double diminishing method

A machine that produces cellphone components is purchased on January 1,2024 , for $117,000. It is expected to have a usefut life of four years and a residual value of $10,000. The machine is expected to produce a total of 200,000 components during its life, distributed as follows: 40,000 in 2024,50,000 in 2025,60,000 in 2026, and 50,000 in 2027 . The company has a December 31 year end

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