Question: how to solve using Double Declining Balance method and using the last template On January 1, 2018 Friendly Farm Company purchased a new machine at

how to solve using Double Declining Balance method and

using the last template

On January 1, 2018 Friendly Farm Company purchased a new machine ata cost of $350,000. The machine has an estimated useful life of

On January 1, 2018 Friendly Farm Company purchased a new machine at a cost of $350,000. The machine has an estimated useful life of 4 years or 100,000 hours and residual value of $30,000. The machine will be used 30,000 hours in year 1, 40,000 hours in year 2, 20,000 hours in year 3 and 10,000 hours in year 4. Requirements: Prepare a depreciation schedule using each of the three methods: Straight line, Units of Production and Double Declining Balance. You may use the template Minimize File Preview ZOOM for th

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