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On January 3, 2019, the Solomon Toy Company purchased a machine for $22,000. The machine is expected to produce 220,000 units during its 4 year
On January 3, 2019, the Solomon Toy Company purchased a machine for $22,000. The machine is expected to produce 220,000 units during its 4 year useful life and have a salvage value of $5,000 at the end of that period. The machine produced 45,100 units in 2019, 35,200 units in 2020, and 37,400 units in 2021. Prepare a schedule showing the annual depreciation for 2019, 2020 and 2021 under the straight-line method and the units-of-output method. (Do not round intermediate calculations.) Straight-Line Units-of-Output Method Method 2019 2020 2021
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