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Compute depreciation for each year using doubledeclining method A machine costing $212,000 with a four-year life and an estimated $15,000 salvage value is installed in
Compute depreciation for each year using doubledeclining method
A machine costing $212,000 with a four-year life and an estimated $15,000 salvage value is installed in Luther Company's foclory ont January 1. The factory manager estimates the machine will produce 490,000 units of product during its life. It actuas y produces the following units: 123,100 in. Yeor 1,124,300 in Year 2,121,500 in Year 3, 131,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted, Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation methad. (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Compute depreciation tor each yoar (and fotal depreciation of all years cocnbined) for the machine under the Double: decllning-baiance Step by Step Solution
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