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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $35,000. Its estimated residual value was $11,000 at the
Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $35,000. Its estimated residual value was $11,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 1,300 units in 2018 and 1,750 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 ARequired 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 1,560 $ 2,100 S KRequired A Required C> Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $35,000. Its estimated residual value was $11,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 1,300 units in 2018 and 1,750 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 Required O Calculate deprecdation expense for 2018 trough 2022 using the double-decining balance method. (Round your thalanswers to nearest whole dollar.) 2018 2019 2020 2021 2022 Depreciation Expense 14,000 S 8,400
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