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Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated
Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 71,500 $ 5,000 $ 1,000 a. Straight-line b. Double-declining-balance c. Units of production 5 years 143,000 $ 6,000 During Year 1, the machine produced 39,000 units and during Year 2, it produced 41,000 units. Required Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods: Year 1 Year 2
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