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A machine that cost $475,500, with a four-year life and an estimated $48,000 residual value, was Installed in Haley Company's factory on September 1, 2020.
A machine that cost $475,500, with a four-year life and an estimated $48,000 residual value, was Installed in Haley Company's factory on September 1, 2020. The factory manager estimated that the machine would produce 475,000 units of product during its life.it actually produced the following units: 2020, 21,000, 2021, 128,500; 2022, 125,000; 2023, 108,300; and 2024, 102,200. 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.) Year 2020 2021 2022 Straight-line Units-of- Double-Declining production Balance $ 35,625 $ 18,900 S 79,250 106,875 115,650 198,125 106,875 112,500 99,063 106,875 97.470 49,531 106,875 91,980 1.531 $ 463,125S 436,500 $ 427,500 2023 2024 Totals
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