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A machine costing $206,600 with a four-year life and an estimated $15,000 salvage value is installed in Luther Company's factory January 1. (The machine cannot
A machine costing \$206,600 with a four-year life and an estimated $15,000 salvage value is installed in Luther Company's factory January 1. (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 (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 DDB Compute depreciation for each year and total depreciation of all years combined ) for the machine under the Straight-line depreciation Depreciation Exgense 2 3 4 Total
machine costing $206,600 with a four-year life and an estimated $15,000 salvage value is installed in Luther Company's factory on anuary 1. (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. (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 DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Straight-line depreciation. Straight lino Depreciation Year Depreciation Expense 1 2 3 4 Total DDB > ompute 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 below. Straight Line DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double- declining-balance, End of Period Year Accumulated Depreciation Book Value DDB Depreciation for the Period Beginning of Period Book Depreciation Depreciation Rate Value Expense 96 96 96 1 2 3 4 Total Step by Step Solution
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