Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1.045,000. The estimated

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Strong Metals Inc Purchased A New Stamping Machine At The Beginning Of The Year At A Cost Of 1 045 000 The Estimated 1 (27.2 KiB) Viewed 42 times

Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1.045,000. The estimated residual value was $55,000. Assume that the estimated useful life was five years and the estimated productive life of the machine was 300,000 units. Actual annual production was as follows: Year Units 1 70,000 67.000 3 50,000 4 73.000 40,000 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a: Straight-line. b. Units-of-production c. Double-declining balance. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Req1c Complete a depreciation schedule using the straight-line method Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition