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Complete the following table given this information: (Do not round intermediate calculations.) Cost of machine Residual value Useful life $ 88,000 $ 3,000 5
Complete the following table given this information: (Do not round intermediate calculations.) Cost of machine Residual value Useful life $ 88,000 $ 3,000 5 years Estimated units machine will produce Actual production: Use MACRS table. 100,000 Year 1 Year 2 50,000 12,500 Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)
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