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On October 1, 2018, the Allegheny Corporation purchased machinery for $203,000. The estimated service life of the machinery is 10 years and the estimated residual value is $5,000. The machine is expected to produce 300,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. points Skipped 1. Straight line. 2. Sum-of-the-years-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 18,000; units produced in 2019, 33,000). eBook Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Partial-year depreciation is calculated based on the number of months the asset is in service. Straight-Line Depreciation Choose Denominator: Choose Numerator: - Annual Depreciation Annual Depreciation 1. Straight line. 2. Sum-of-the-years-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 18,000; units produced in 2019, 33,000). points Complete this question by entering your answers in the tabs below. Skipped eBook Required 1 Required 2 Required 3 Required 4 Required 5 Hint Calculate depreciation for 2018 and 2019 using straight line method. Partial-year depreciation is calculated based on the number of months the asset is in service. Print References Straight-Line Depreciation Choose Denominator: Choose Numerator: - - Annual Depreciation Annual Depreciation Year Annual Depreciation x Fraction of Year - Depreciation Expense 2018 2019 Required Required 2 > 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 18,000; units produced in 2019, 33,000). points Complete this question by entering your answers in the tabs below. Skipped eBook Required i Required 2 Required 3 Required 4 Required 5 Hint Calculate depreciation for 2018 and 2019 using sum-of-the-years' digits. Partial-year depreciation is calculated based on t number of months the asset is in service. Print References Fraction of Year Depreciation Expense Sum-of-the-years' digits depreciation Depreciable Rate per Year X Base 10/1/2018 through 12/31/2018 Total depreciation expense - 2018 1/1/2019 through 9/30/2019 10/1/2019 through 12/31/2019 Total depreciation expense - 2019 1. Straight line. 2. Sum-of-the-years-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 18,000; units produced in 2019, 33,000). points Complete this question by entering your answers in the tabs below. Skipped eBook Required 1 Required 2 Required 3 Required 4 Required 5 Hint Calculate depreciation for 2018 and 2019 using double-declining balance. Partial-year depreciation is calculated based on number of months the asset is in service. Print References End of Period Depreciation for the Period Beginning of Period Book Depreciation Fraction Depreciation Rate of Year Expense Value Annual Period Accumulated Depreciation Book Value 2018 2019 0 $ 0 1. Straight line. 2. Sum-of-the-years-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 18,000; units produced in 2019, 33.000). points Complete this question by entering your answers in the tabs below. Skipped eBook Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using one hundred fifty percent declining balance. Partial-year depreciation is calculated based on the number of months the asset is in service. (Do not round your intermediate calculations and round your final answers to nearest whole number.) Print References End of Period Depreciation for the Period Beginning of Depreciation Fraction Depreciation Period Book Rate Value of Year Expense Annual Period Accumulated Depreciation Book Value 2018 2019 Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using Units of production (units produced in 2018, 18,000; units produced in 20 33,000). Partial-year depreciation is calculated based on the number of months the asset is in service. (Round "Depreciati per unit rate" answers to 2 decimal places.) points Skipped Show less Select formula for Units of Production Depreciation: eBook Hint Print References Calculate 2018 depreciation expense: Depreciation per unit rate Units produced in 2018 Depreciation in 2018 Calculate 2019 depreciation expense: Depreciation per unit rate Units produced in 2019 Depreciation in 2019 Required 4
