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i need year 4 done on both of these A machine costing $214,200 with a four-year life and on estimated $17.000 salvage value is installed
i need year 4 done on both of these
A machine costing $214,200 with a four-year life and on estimated $17.000 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: 123,200 in Year 1.124.200 in Year 2, 121100 in Year 3, 134,500 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, (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar) Answer is not complete. Complete this question by entering your answers in the tabs below. Straight line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double- declining-balance Year Year 1 Year 2 Year 3 Year 4 Total DOB Depreciation for the Period End of Period Beginning Depreciation of Period Accumulated Depreciation Book Value Book Value Expense Depreciation $ 214, 2007 50 5 $ 107 100 IS 107 100 5 107,100 107 100 50 56 53,550 160,650 53,550 53.550 50 26,775 187425 26,775 26.775 50 % 13,3883 200.813 13,387 $ 200.813 8888 900 A machine costing $214,200 with a four-year life and an estimated $17000 salvage value is installed in Luther Company's factory on January 1 The factory manager estimates the machine will produce 493000 units of product during its life. It actually produces the following units: 123.200 in Year 1 124 200 in Year 2.121700 in Year 3, 134,500 in Year 4. The total number of units produced by the end of Year A 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 (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar) Answer is not complete. Complete this question by entering your answers in the tabs below. Straight line Urts of De Compute depreciation for each year and total depreciation of all years combined) for the machine under the Units of production Units 123 200 $24.200 Units et Production Depreciable Depreciation Depreciation per unit Expense 123.2005 0405 49280 124.2005 0:00 500 121100 040 48.440 $ 0.40 358500 15 147400 121100 500 Step by Step Solution
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