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A machine that cost $442,200, with a four-year life and an estimated $42,000 residual value, was installed in on September 1, 2020. The factory manager
A machine that cost $442,200, with a four-year life and an estimated $42,000 residual value, was installed in on September 1, 2020. The factory manager estimated that the machine would produce 460,000 units of prode actually produced the following units: 2020, 20,700; 2021, 128,200, 2022, 115,200, 2023, 108,000, and 2024.9 year-end is December 31. Required: Show the depreciation for each year and the total depreciation for the machine under each depreciation metho nearest whole month. (Do not round intermediate calculations. Round the final answers to the nearest whole Year Straight-line Units-of- production Double-Declining Balance 2020 2021 2022 2023 2024 Totals A machine that cost $442,200, with a four-year life and an estimated $42,000 residual value, was installed in Haley Company's factory on September 1, 2020. The factory manager estimated that the machine would produce 460,000 units of product during its life. It actually produced the following units: 2020, 20,700; 2021, 128,200; 2022, 115,200; 2023, 108,000, and 2024, 97,200. The company's year-end is December 31. Required: Show the depreciation for each year and the total depreciation for the machine under each depreciation method calculated to the nearest whole month. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) 2:06 Year Straight-line Units-of- production Double-Declining Balance 2020 2021 2022 2023 2024 Totals
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