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help please A machine costing $216,200 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1.
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A machine costing $216,200 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 493,000 units of product during its life. It actually produces the following units: 122,000 in Year 1,123,500 in Year 2, 121,400 in Year 3, 136,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value Required: Compute depreciation for each year and total depreciation of all years combined) for the machine under each depreciation method Dund vour ser unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar) Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method, Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DOB Compute depreciation for each year and total depreciation of all years combined) for the machine under the Straight-line depreciation Straight Line Derenciation Year Depreciation Expense Year Units of Production DDB Straight Line Compute depreciation for each year (and total depreciation of all years combined) for the machine un production. Year Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total Units of Production Units Depreciable Depreciation Units per unit 122,000 123,500 121,400 136,100 DDB > Step by Step Solution
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