depreciation expense using four different methods LO 8-2, 8-3, E Banko Inc, manufactures sporting goods. The following information applies to a machine purchased on January 1, Year Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 71,000 $ 3,00 $ 2.ee 5 years 146,000 $3,000 During Year 1, the machine produced 42,000 units, and during Year 2 it produced 44,000 units. Required 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 clas seven-year property. (Round your answers to the nearest dollar amount.) MACRS table Hequired 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 cl seven-year property. (Round your answers to the nearest dollar amount.) MACRS table 5 Year Year property, 1 20.00 2 32.00 3 19.20 4 11.52 5 11.52 6 5.76 7 7-Year property 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 00 Year 1 Year 2 a Depreciation expense b. Depreciation expense Depreciation expense d Depreciation expense C eciation exper b. Determine the amount of depreciation exper c. Determine the amount of depreciation exper d. Determine the amount of depreciation exper seven-year property. (Round your answers to t MACRS table: 5-Year Year property,% 1 20.00 2 32.00 3 19.20 4 11.52 5 11.52 6 5.76 7 8 7-Year property,% 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Year 1 Year 2 a. Depreciation expense b. Depreciation expense Depreciation expense d. Depreciation expense C Problem 8-30A Calculating depreciation exp Banko Inc. manufactures sporting goods. The following in Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 71,000 $ 3,000 $ 2,000 5 years 146,000 $ 3,000 During Year 1, the machine produced 42,000 units, and c Required a. Determine the amount of depreciation expense for Yes b. Determine the amount of depreciation expense for Ye c. Determine the amount of depreciation expense for Yes d. Determine the amount of depreciation expense for Ye seven-year property. (Round your answers to the neare! MACRS tahle
