At the beginning of a fiscal year Alexander Company buys

At the beginning of a fiscal year, Alexander Company buys a machine for $ 48,000. The
machine has an estimated life of five years and an estimated salvage value of $ 4,000.
Required Using the following four methods, determine the annual depreciation of the machine
for each of the estimated five years of its life, the accumulated depreciation at the end of each
year, and the book value of the machine at the end of each year. Round annual depreciation to
whole dollars. a. Straight-line method b. Double-declining-balance method c. Units-of-production
method (Useful life is 420,000 units. Year 1 use is 120,000 units, Year 2 use is 100,000 units,
Year 3 use is 90,000 units, Year 4 use is 60,000 units, and Year 5 use is 50,000 units.) Round
calculations to 3 decimal places. Year 5 depreciation should be rounded to balance. d. MACRS
method (Assume that the asset was purchased after 1986 and is seven-year property.) Year 8
depreciation should be rounded to balance.View Solution: At the beginning of a fiscal year
Alexander Company buys
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