p arn-us-cast-1-prod- Machinery was acquired at the beginning of the year at a cost of $67,800 that has an estimated residual value of $3,800 and an estimated useful life of eight years. The machinery is expected to produce 120,000 units. In the current year, the company produced 20,000 units. R1: Determine the (a) depreciable cost (b) annual straight-line depreciation R2: Record the entries for depreciation R3: Determine the Net Book Value at the end of the year ! Machinery was acquired at the beginning of the year at a cost of $67,800 that has an estimated residual value of $3,800 and an estimated useful life of eight years. The machinery is expected to produce 120,000 units. In the current year, the company produced 20,000 units. R1: Determine the (c) depreciable cost (d) depreciation R2: Record the entries for depreciation R3: Determine the Net Book Value at the end of the year