Part 1 (Problems) 6 Saved Help Save & Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $38,000. Its estimated residual value was $12,000 at the end of an estimated 5 year life. The company expects to produce a total of 20,000 units. The company produced 1,400 units in 2018 and 1,850 units in 2019. Required: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method. b. Calculate the depreciation expense for 2018 and 2019 using the units of production method. c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2018 and 2019 using the straight-line method. 2018 2019 Depreciation Expense Per Year Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $38,000. Its estimated residual value was $12,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 1.4 units in 2018 and 1,850 units in 2019 Required: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method. b. Calculate the depreciation expense for 2018 and 2019 using the units-of production method. c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Required A Required B Required calculate the depreciation expense for 2018 and 2019 using the units-of-production method. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar) 2018 2019 Depreciation wense Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $38,000. Its estimated residual value was $12,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 1,400 units in 2018 and 1,850 units in 2019, Required: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method b. Calculate the depreciation expense for 2018 and 2019 using the units of production method c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. (Round your final answers to nearest whole dollar.) I 2018 Depreciation Expense 2019 2020 2021 2022 (Required B
