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Help calculations please Current Attempt in Progress The cost of equipment purchased by Sheffield, Inc., on April 1, 2020, is $107,000. It is estimated that
Help calculations please
Current Attempt in Progress The cost of equipment purchased by Sheffield, Inc., on April 1, 2020, is $107,000. It is estimated that the machine will have a $5,000 salvage value at the end of its service life. Its service life is estimated at 6 years; its total working hours are estimated at 20,400; and its total production is estimated at 408,000 units. During 2020, the machine was operated 3,500 hours and produced 45,000 units. During 2021, the machine was operated 5,500 hours and produced 57,000 units. Compute depreciation expense on the machine for the year ending December 31, 2020, and the year ending December 31, 2021, using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to decimal places, e.g. 45,892.) 2020 2021 (a) Straight-line $ GA $ (b) Units-of-output $ $ (c) Working hours $ $ . (d) Sum-of-the-years-digits $ $ (e) Double-declining-balance (twice the straight-line rate) $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used SubmitStep by Step Solution
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