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Drake, I purchased for $400,000 on January 1,2015 ne, purchased a new machine to increase its production output. The machine was It is expected to
Drake, I purchased for $400,000 on January 1,2015 ne, purchased a new machine to increase its production output. The machine was It is expected to have a useful life of 4 years with a salvage value of $40,000 . It is expected to make 2,500 units over its life. The machine was used to make the following number of containers each year: 2017: 550 2018: 400 2015: 750 2016: 800 Caleulate depreciation for each year of use uising the following methods: 1. Straight Line Accumulated Depreciation YR1: wrt YR2: YR3: YR4: 2. Units of Production YR1: YR2: YR3: YR4: 3. Double Declining Balance Beg. Book Year Value (1/1) DDB Ratc Annual Dep. Expensc Accumulated Depreciation Value (12/31) End. Book 2 7-5
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