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Complete the following table given this information: Note: Do not round intermediate calculations. Cost of machine Residual value Useful life $ 100,000 $ 5,000
Complete the following table given this information: Note: Do not round intermediate calculations. Cost of machine Residual value Useful life $ 100,000 $ 5,000 5 years Estimated units machine will produce: 100,000 Actual production Use MACRS table. Year 1 Year 2 70,000 20,500 Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)
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