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8 P Q 2 A machine costing $213,800 with a four-year life and an estimated $17000 salvage value is installed in Luther Company's factory on
8 P Q 2
A machine costing $213,800 with a four-year life and an estimated $17000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 122,300 in 1st year, 123,300 in 2nd year, 120,900 in 3rd year, 135,500 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted. (The machine must not 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 belovw Units of Straight Line Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under each Straight-line depreciation Depreciation Year xpense Total Units of Straight Line Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under each Units of production Units of Production Depreciable Depreciation Depreciation per unit Year Units Expense 4 Total Units of Straight Line Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under each Double- declining-balance. DDB Depreciation for the Period End of Period Beginning of Year Period Book Depreciation Depreciation Accumulated Expense Depreciation Book Value Rate Value 4Step by Step Solution
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