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A machine costing $213,600 with a four-year life and an estimated $16,000 salvage value is installed in Luther Companys factory on January 1. The factory

image text in transcribedA machine costing $213,600 with a four-year life and an estimated $16,000 salvage value is installed in Luther Companys factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122,800 in Year 1, 124,200 in Year 2, 119,700 in Year 3, 137,300 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimatethis difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value.

Complete this question by entering your answers in the tabs below. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Straight-line depreciation

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