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Please help. Need help with an Accounting question. Acquisition Cost and Depreciation Reveille, Inc., purchased Machine #204 on April 1, 2016, and placed the machine

Please help. Need help with an Accounting question.

Acquisition Cost and Depreciation

Reveille, Inc., purchased Machine #204 on April 1, 2016, and placed the machine into production on April 3, 2016. The following information is relevant to Machine #204:

Price $60,000
Freight-in costs 2,500
Preparation and installation costs 3,900
Labor costs during regular production operation 10,200
Credit terms 2/10, n/30
Total productive output 138,500 units

The company expects that the machine could be used for 10 years, after which the salvage value would be zero. However, Reveille intends to use the machine only 8 years, after which it expects to be able to sell it for $9,800. The invoice for Machine #204 was paid April 10, 2016. The number of units produced in 2016 and 2017 was 23,200 and 29,000, respectively. Reveille computes depreciation expense to the nearest whole month.

Required:

Compute the depreciation expense for 2016 and 2017, using the following methods. Round your answers to the nearest dollar.

1)Straight-line method: 2016 depreciation = $ 2017 depreciation = $

2)Sum-of-the-years'-digits method: 2016 depreciation = $ 2017 depreciation = $

3)Double-declining-balance method: 2016 depreciation = $ 2017 depreciation = $

4)Activity method (units of production): 2016 depreciation = $ 2017 depreciation = $

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