4

Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $42.500. its estimated residual value was $13,500 at the end of an estimated 5 -year life. The company expects to produce a total of 10.000 units. The company produced 1,550 units in 2021 and 2,000 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method." b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-decining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 and 2022 using the straight-line method. value was $13,500 at the end of an estimated 5-year life. The company expects to produce a to produced 1,550 units in 2021 and 2,000 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance m Complete this question by entering your answers in the tabs below. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. (Do not calculations. Round your final answers to the nearest whole dollar.) Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $42,500. Its es value was $13,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. produced 1,550 units in 2021 and 2,000 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. (Round your final ans to nearest whole dollar.)