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Please help. This is twice now that the answers are wrong. Thanks. Problem 8-2A Depreciation methods LO P1 A machine costing $213,800 with a four-year
Please help. This is twice now that the answers are wrong. Thanks.
Problem 8-2A Depreciation methods LO P1 A machine costing $213,800 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 123,000 in 1st year, 123,500 in 2nd year, 120,000 in 3rd year, 135,500 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted. (The machine must not be depreciated below its estimated salvage value.) Required Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Answer is not complete. Complete this question by entering your answers in the tabs below Straight Lineproduction Units of DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under each Units of production Units of Production Depreciable Depreciation Depreciation Year Units r unit Expense 123,000s 23,500s 120,000 S 135,500 X S 502,000 0.39 48,220 48,416 47,044 53,120 S 196,800 0.39 0.39 0.39 Total KStraight Line DDB >Step by Step Solution
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