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Business, 16.06.2020 22:57 zykia1002

Pan Corporation is a company that manufactures and sells baking forms. On 1/1/20, the company purchases a piece of manufacturing equipment for $2,500,000 cash. The expected residual value is $260,000 and the useful life is 5 years. The company expects to produce 8,000,000 forms with the equipment – 2,500,000 forms in 2020; 2,000,000 forms in 2021; 1,500,000 forms in 2022; 800,000 forms in 2023, and 1,200,000 forms in 2024. Required:
Use the Straight-Line method to find depreciation from 2020 to 2024

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Pan Corporation is a company that manufactures and sells baking forms. On 1/1/20, the company purcha...
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