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and unit producting method for 2023 and 2024 Coronado Manufacturing purchased a machine on January 1, 2023 for use in its factory. Coronado paid $512,000
and unit producting method for 2023 and 2024
Coronado Manufacturing purchased a machine on January 1, 2023 for use in its factory. Coronado paid $512,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $50,000. During its life, the machine was expected to produce 280,000 units. During 2023 , the machine produced 31,500 units, and produced 42,600 in 2024. The machine was subject to a 20\% CCA rate, and Coronado's year-end was December 31. The machine is eligible for the Accelerated Investment Incentive. Calculate the annual depreciation amount for 2023 and 2024 using the double-declining-balance method
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