Jim Company bought a machine for $31,440 with an estimated life of 5 years. The residual value of the machine is $5,700. This machine is expected to produce 117,000 units. In year 1, it produced 17,500 units, and in year 2, 36,500 units. Assuming the units-of- production method, calculate the first 2 years' depreciation. Year 1 Year 2 Depreciation

Jim Company bought a machine for $31,440 with an estimated life of 5 years. The residual value of the machine is $5,700, This machine is expected to produce 17,000 units, fr your 1 , It produced 17,500 units, and in year 2,36,500 units, Assuming the units-ofproduction method, calculate the first 2 years' depreciation