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A machine costing $ with a fouryear life and an estimated $ salvage value is installed in Luther Company's factory on January The factory manager estimates the machine will produce units of product during its life. It actually produces the following units: in Year in Year in Year and in Year The total number of units produced by the end of Year exceeds the original estimatethis 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. Note: Round your per unit depreciation to decimal places.
Complete this question by entering your answers in the tabs below.
Straight Line begintabularc
Units of
Production
table
Double
declining
balance
endtabular
Compute depreciation for each year and total depreciation of all years combined for the machine under the Doubledecliningbalance.
tabletableYearYear tableDoubledecliningbalance Depreciation for thePeriodEnd of PeriodtableBeginning ofPeriod BookValuetableDepreciationRatetableDepreciationExpensetableAccumulatedDepreciationBook Value$$Year Year Year ETotal$
Units of Production
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