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4 au Quincy Company incurred the following expenditures to buy a ne machine: Invoice, se0,000 less 12% cash discount Freight charges, $450. Assembly charges, $1,900

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4 au Quincy Company incurred the following expenditures to buy a ne machine: Invoice, se0,000 less 12% cash discount Freight charges, $450. Assembly charges, $1,900 Special base to support machine, $506. . Machine dropped and repaired, $310. What is the actual cost of the machine? From the following, prepare depreciation schedules for the first 2 yer. (a) straight-line, (b) units-of-production, and (c) double declining-ba. twice the straight-line rate methods. b Machine purchased on January 1, $1,460. Residual value, $260. Estimated useful life, 5 years Total estimated output, 630 units. Output year 1, 100 units. Output year 2, 240 units

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