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A machine costing $217,000 with a four-year life and an estimated $19.000 salvage value is installed in Luther Company's factory on January 1. The factory

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A machine costing $217,000 with a four-year life and an estimated $19.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 495.000 units of product during its life. It actually produces the following units: 122,000 in Year 1. 124,300 in Year 2, 121.000 in Year 3, 137,700 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this 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. (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 Units of Production 00B Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production Year Year Year 2 Year 3 Year 4 Total Units of Production Units Depreciable Depreciation Depreciation Units per unit Expense 122,000 122.000 $ 040 5 48.800 124,300 124 300 $ 0.40 49.720 121.000 121,000 $ 0.40 48.400 137.700 $ 0.40 5 367 300 5 145.920 A machine costing $217,000 with a four-year life and an estimated $19.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 495.000 units of product during its life. It actually produces the following units: 122,000 in Year 1,124 300 in Year 2, 121,000 in Year 3, 137,700 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this 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. (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 Units of Production DOB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double declining balance DDG Depreciation for the Period End of Period Beginning of Year Period Book Depreciation Depreciation Accumulated Rate Value Book Value Expense Depreciation Year 1 $ 217.000 50% 217 000 Year 2 50 Year 3 50% Year 4 50% Total 0

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