On October 1, 2018, the Allegheny Corporation purchased machinery for $278,000. The estimated service life of the machinery is 10 years and the estimated residual value is $3,000. The machine is expected to produce 550,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 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, 25,000; units produced in 2019, 40,000).

Required 1Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Partial-year depreciation is calculated based on the number of months the asset is in service. Straight-Line Depreciation Choose Numerator: I Choose Denominator: Annual Depreciation = Annual Depreciation Depreciation Expense Year Annual Depreciation x 2018 2019 Fraction of Year =