Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help answering the rest and checking over what i've already completed Savod Help Save & E Problem 8-2A Depreciation methods LO P1 A machine

Need help answering the rest and checking over what i've already completed image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Savod Help Save & E Problem 8-2A Depreciation methods LO P1 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: 122,800 in Year 1, 122,900 in Year 2, 121100 in Year 3, 136,200 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. (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.) Complete this question by entering your answers in the tabs below. Straight Une Units of Production DDB 09 Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Straight-line depreciation Straight Line Depreciation Year Depreciation Expense 1 $ 49.300 2 49,300 49,300 4 49,300 Total $ 197,200 3 Units of Production > Complete this question by entering your answers in the tabs below. Units of Straight line DDB Production Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production. 3:55 Year Units Units of Production Depreciation Expense 1 2 122,800 122,900 121,100 136,200 Depreciable Depreciation Units per unit 122 800 $ 0.40 122,900 $ 0.40 121,100 $ 0.40 136,200 s 040 $ 503,000 3 4 Total 5 2 Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB ts 0108 42 Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double declining balance. DDB Depreciation for the Period End of Period Beginning of Year Period Book Depreciation Depreciation Accumulated Rate Book Value Value Expense Depreciation 1 % 2 % 3 % Total $ $ 0 0 0 4 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Behavior Improving Performance And Commitment In The Workplace

Authors: Jason Colquitt

8th Edition

126412435X, 9781264124350

More Books

Students also viewed these Accounting questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago