Question: Question Completion Status: Pathp Words:0 QUESTION 39 On January 1, 2018, Harkins Company purchased for $450,000 a new machine that has an estimated useful life
Question Completion Status: Pathp Words:0 QUESTION 39 On January 1, 2018, Harkins Company purchased for $450,000 a new machine that has an estimated useful life of four years (or 500,000 cutting operations) and the expected salvage value is $35,000. The machine made 190,000 cuttings the first year, 140,000 cuttings the second year, 110,000 cuttings the third year and 60,000 cuttings the fourth year Calculate various amounts of depreciation for each of the four years using the: (a) straight-line method (b) units-of-production method, and (c) double declining balance method. TTT Arial 3 [12pt) T.EE Path Words:0 QUESTION 40 Court Casuals has 100,000 shares of common stock outstanding as of the beginning of the year and has the following transactions affecting stockholders' equity during the year. May 18 Issues 25.000 additional shares of $1 par value common stock for
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