apter 08 Homework 2 i A machine costing $214,600 with a four-year life and an estimated $17.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122.400 in Year 1,124,300 in Year 2.121300 in Year 3. 136,000 in Year 4. The total number of units produced by the end of Year 4 exceeds the onginal estimate this difference was not predicted. (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 belo Straight Line Units of Production DDB mbined) for the machine under the Straight-line Compute depreciation for each year and total depreciation. Straight Line Depreciation Depreciation Year Units of Production > 08 Homework 2 A machine costing $214,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122.400 in Year 1,124,300 in Year 2.121.300 in Year 3. 136,000 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (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 bel Straight Line Units of Production DOB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production, Units of Production Depreciation Expense Year Depreciation per unit Units Depreciable Units 122.400 124 3001 121,300 136,000 apter Us Homework 2 1 A machine costing $214,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 122.400 in Year 1.124,300 in Year 2 121,300 in Year 3.136.000 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. (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 Une units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double declining balance. DDB Depreciation for the Period Beginning of Period Book Depreciation Depreciation Value Rate Expense End of Period Accumulated Depreciation Book Value Year
