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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 180,000 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, 37000; units produced in 2019, 32,000) Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required 4Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: I Choose Denominator: - Depreciation Expense Depreciation Expense 2018 2019 Required Required 2Required 3 Required 4Required 5 Calculate depreciation for 2018 and 2019 using sum-of-the years digits Sum-of-the-years' digits depreciation Depreciable Base Rate per - Year Expense 2018 2019 KRequired 1 Required 3> 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 Depreciation Annual Period Period Book 2018 2019 Value K Required 2 Required 4 Required 1 Required 2 Required 3Required 4Required 5 Calculate depreciation for 2018 and 2019 using one hundred fifty percent declining balance. Depreciation for the Period End of Period Beginning of ciation Accumulated Book Value Expense Depreciation Depreciation Deprec Annual Period Period Book 2018 2019 Rate Value KRequired 3 Required 5> Required 1Required 2Required 3 Required 4Required 5 Calculate depreciation for 2018 and 2019 using units of production (units produced in 2018, 37,0 32,000). (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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