On June 1, a machine costing $660,000 with a 5-year life and an estimated $50,000 salvage value was purchased. It was also estimated that the machine would produce 200,000 units during its life. Actual production would be 40,000 units per year for all five years.

Using the depreciation template provided, determine the amount of depreciation expense for the third year under each of the following assumption

The company uses the straight-line method of depreciation.

50 Cast Salvage value Depreciable cost Useful life Useful life in 50 of tion Straight line Depreciable cost Salvage Value Life in Annual depreciation Also the straight line depreciation rate. The formula is 100% divided by the useful life in the straight line rate below: 0 ht line reciation r Depreciation for the Period End of Period Accumulated Book Depreciation Value Annual period Cost Expense Year 1 ear Year 3 Year 4 ear Cost of mochine value is not d ciated