A new machine costing $$12,000$ cash and estimated to have a $$2,000$ salvage value was purchased on January $1.$ The machine is

expected to produce $2,000$ units of product during its $10-$year useful life. Calculate depreciation expense in the first year under the

following independent situations.

The company uses the units$-$of$-$production method and the machine produces $300$ units of product during its first year.

The company uses the double$-$declining$-$balance method.

The company uses the straight$-$line method.

Complete this question by entering your answers in the tabs below.

Calculate depreciation expense in the first year if the company uses the units$-$of$-$production method and the machine

produces $300$ units of product during its first year.

Select formula for the depreciation rate of Units of Production:

Calculate the first year depreciation expense: