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At December 31, 2013 Benson Inc's balance sheet showed plant and equipment information as detailed in the schedule below. Benson Inc. calculates depreciation to the

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At December 31, 2013 Benson Inc's balance sheet showed plant and equipment information as detailed in the schedule below. Benson Inc. calculates depreciation to the nearest whole month. Please complete the schedule. Round depreciation per unit of production to the nearest cent Cost Information Depreciation Accum Dep Dec. Dep. Expense Accum. Dep. Dec, Description Purchase Date Depreciation Method Cost Residual Life 31, 2013 for 2014 31, 2014 Machinery July 2, 2013 Double-declining 150,000 10,000 5 years balance There have been no disposals or subsequent capital expenditures on the asset since the date of purchase. For simplicity, assume that the asset is depreciated as an individual item and will not be broken down into parts and depreciated

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