On april 1 , 2 0 2 0 , Nair manufacturing purchased a machine for $ 5 0 0 , 0 0 0 and made the following estimates a ) residual value $ 8 0 , 0 0 0 b ) service life 5 years c ) estimated manufacturing units 2 8 0 , 0 0 0 actual production year 2 0 2 0 starting on april 1 , 2 0 2 1 , 2 0 2 2 , 2 0 2...

Answer To calculate depreciation using the units of production method and the doubledeclining balance method for each year from 2021 to 2025 we need t ...

On april 1 , 2 0 2 0 , Nair manufacturing purchased a machine for $ 5

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Question:

On april

1, 2020,

Nair manufacturing purchased a machine for $

500, 000

and made the following estimates: a

)

residual value $

80, 000

)

service life

5

years c

)

estimated manufacturing units

280, 000 .

actual production year

2020

starting on april

1, 2021, 2022, 2023, 2024, 2025

ending april

1 .

units

32000, 60, 000, 80, 000, 64, 000, 48, 000, 16, 000 .

total

300, 000 . . . .

use units of production, double

-

line method, straight

-

line depreciation method?

Posted Date: May 14, 2024 02:30 AM

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On april 1 , 2 0 2 0 , Nair manufacturing purchased a machine for $ 5

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Answer To calculate depreciation using the units of production method and the doubledeclining balance method for each year from 2021 to 2025 we need t... View the full answer

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