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On January 1, 2018, the Allegheny Corporation purchased machinery for $150,000. 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 $150,000. The estimated service life of the machinery is 10 years and the estimated residual value is $7,000. 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. 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, 41,000; units produced in 2019, 36,000) Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3Required 4 Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: IChoose 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 DepreciablexYear Rate per- -Depreciation Basex Expense 2018 2019 Complete this question by entering your answers in the tabs below. Required 1 Reqired 2 Required 3Required 4 Required 5 Calculate depreciation for 2018 and 2019 using units of production (units produced in 2018, 41,000; units produced in 2019, 36,000). (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 Required 4 Required 5

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