Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $36,500. Its estimated residual value was $11,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 1,350 units in 2018 and 1,800 units in 2019. Required:

1. Calculate depreciation expense for 2018 and 2019 using the straight-line method.
2. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method.
3. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method.

Complete this question by entering your answers in the tabs below.

• Required A
• Required B
• Required C

Calculate depreciation expense for 2018 and 2019 using the straight-line method.

	2018	2019
Depreciation Expense Per Year