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Please help me solve the sum of years and double declining balance Problem 11-2 /1 Your answer is partially correct. Try again The cost of
Please help me solve the sum of years and double declining balance
Problem 11-2 /1 Your answer is partially correct. Try again The cost of equipment purchased by Sheridan, Inc., on June 1, 2017, is $109,470. It is estimated that the machine will have a $6,150 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 51,660, and its total production is estimated at 645,750 units. During 2017, the machine was operated 7,380 hours and produced 67,650 units. During 2018, the machine was operated 6,765 hours and produced 59,040 units Compute depreciation expense on the machine for the year ending December 31, 2017, and the year ending December 31, 2018, using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 45,892.) 2017 2018 8610 (a) Straight-line (b) Units-of-output (c) Working hours (d) Sum-of-the-years-digits (e) Double-declining-balance (twice the straight-line rate) 14760 10824 9446 14760 13530 25830 22140 31277 8936Step by Step Solution
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