Question
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
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: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method. b. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method. c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. Complete this question by entering your answers in the tabs below. 236 Calculate depreciation expense for 2018 and 2019 using the straight-line method. Required A Required B Required C 2018 Depreciation Expense Per Year 2019 Required A Required B > M.pdf A The Strategic M.pdf A 15 W #3 3 ELI 34 4 tv Search or type URL % 25 Mc H 11 01:57:02 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: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method. b. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method. c. 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 Regged C Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. (Round your final answers to nearest whole dollar.) Depreciation Expense 2010 2019 2020 2021 2022
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