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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $24.500. Its estimated residual value was $7,500 at the

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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $24.500. Its estimated residual value was $7,500 at the end of an estimated 5 year life. The company expects to produce a total of 10,000 units. The company produced 950 units in 2018 and 1.400 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 Required B Required Calculate depreciation expense for 2018 and 2019 using the straight-line method. 2018 Depreciation Expense Per Year Required B > Duluth Ranch, Inc. purchased a machine on January 1 2018. The cost of the machine was $24,500. Its estimated residual value was $7,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 950 units in 2018 and 400 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 Requied Calculate depreciation expense for 2016 through 2022 using the double declining balance method. (Round your final answers to nearest whole dollar) 2018 2019 2020 2022 Depreciation Expensa Required B

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