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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $18,500. Its estimated residual value was $5,500 at the
Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $18,500. Its estimated residual value was $5,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 750 units in 2018 and 1,200 units in 2019. Required:
- Calculate depreciation expense for 2018 and 2019 using the straight-line method.
- Calculate the depreciation expense for 2018 and 2019 using the units-of-production method.
- Calculate depreciation expense for 2018 through 2022 using the double-declining balance method.
Required A Required B Required c Calculate depreciation expense for 2018 and 2019 using the straight-line method. 2018 2019 Depreciation Expense Per Year Complete this question by entering your answers in the tabs below. Required A Required B Required c Calculate the depreciation expense for 2018 and 2019 using the units-of-production method. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) 2018 2019 Depreciation Expense Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. (Round your final answers to nearest whole dollar.) 2018 2019 2020 2021 2022 Depreciation Expense
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