Chp 8-#8-30A i 1 2 points eBook Ask References 8-6 Banko Incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1. Purchase price Delivery cost $70,000 $3,000 $1,000 Saved Installation charge Estimated life Estimated units 140,000 $4,000 Salvage estimate During Year 1, the machine produced 36,000 units, and during Year 2 it produced 38,000 units. Required 5 years a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method, b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.) Help Save & Exit Submit Check my work 6

Banko incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1 , Year 1. During Year the machine produced 36,000 units, and during Year 2 it produced 38.000 units. Required a. Determine the amount of depreciation expense for Year 1 and Year 2 using swaight-ine method. b. Determine the amount of depreciation expense for Year 1 and Year 2 vsing double-declining-balance method: c. Defermine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Yoar 2 . whing MACP5, assuming that the machine is classified as seven yeor property. (Round your answers to the nearest dollar amount.)