Question
3 A machine costing 211 600 with a four year life and an estimated 16 000 salvage value is installed in Luther Company s factory
3 A machine costing 211 600 with a four year life and an estimated 16 000 salvage value is installed in Luther Company s factory on January 1 The factory manager estimates the machine will produce 489 000 units of product during its life It actually produces the following units 121 700 in Year 1 123 500 in Year 2 121 500 in Year 3 132 300 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 1 92 points Required Compute depreciation for each year and total depreciation of all years combined for the machine under each depreciation method Note 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 Year Units of Production Year Compute depreciation for each year and total depreciation of all years combined for the machine under the Units of production Units Double declining balance 121 700 Answer is not complete Units of Production Depreciable Units 121 700 Depreciation per unit 0 40 Depreciation Expense Return to question 51 114 X
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