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On January 1, 2018, the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 10 years and the estimated residual

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On January 1, 2018, the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 10 years and the estimated residual value is $5,000. The machine is expected to produce 220,000 units during its life. Required Calculate depreciation for 2018 and 2019 using each of the following methods. 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, 30,000; units produced in 2019, 25,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator Depreciation Expense Depreciation Expense 2018 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using sum-of-the-years' digits Sum-of-the-years' digits depreciation Depreciable Base Rate per Year Depreciation Expense 2018 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4 Required 5 Calculate depreciation for 2018 and 2019 using double-declining balance Depreciation for the Period Rate (%) End of Period Beginning of Depreciation Depreciation Accumulated Expense Book Value Annual Period Period Book 2018 2019 Depreciation Value 0S Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using one hundred fifty percent declining balance. (Do not round your intermediate calculations and round your final answer to nearest whole number.) Depreciation for the Period End of Period Beginning of Period Book Value Depreciation Depreciation Accumulated Expense Annual Period Rate Depreciation 2018 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using units of production (units produced in 2018, 30,000; units produced in 2019, 25,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation 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

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