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Finnegan's Fixtures Purchased Molding Machines at the Beginning of 2012

Question 118

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Finnegan's Fixtures purchased molding machines at the beginning of 2012 for $10,000. The machines have an estimated residual value of $2,000 and an estimated life of 5 years or 50,000 hours of operation. The company is considering alternative depreciation methods. Calculate the following:
Finnegan's Fixtures purchased molding machines at the beginning of 2012 for $10,000. The machines have an estimated residual value of $2,000 and an estimated life of 5 years or 50,000 hours of operation. The company is considering alternative depreciation methods. Calculate the following:

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