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20:26 A machine costing $210,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1.
20:26 A machine costing $210,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 484,000 units of product during its life. It actually produces the following units: 122,500 in Year 1, 123,100 in Year 2, 120,700 in Year 3, 127,700 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production. Units of Production Year Units Depreciable Units Depreciation per unit Depreciation Expense Year 1 122,500 $ 0.40 Year 2 123,100 $ 0.40 49,360 Year 3 120,700 $ 0.40 Year 41 127,700 $ 0.40 Total $ 49,360 Complete this question by entering your answers in the tabs below. Units of Straight Line DDB Production Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double- declining-balance. DDB Depreciation for the Period End of Period Beginning of Year Period Book Depreciation Depreciation Rate Expense Accumulated Depreciation Book Value Value Year 1 % $ 0 Year 2 % 0 Year 3 Year 4 Total % 0 % 0 $ < Units of Production DOB>
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