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please show the full answer sometimes the answers get cut off the screen A machine costing $209,400 with a four-year life and an estimated $17,000
please show the full answer sometimes the answers get cut off the screen
A machine costing $209,400 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 481,000 units of product during its life. It actually produces the following units: 122,000 in Year 1, 122,700 in Year 2, 120,800 in Year 3, 125,500 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot 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.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Straight-line depreciation. Straight-Line Depreciation Year Depreciation Expense Year 1 $ 48.100 Year 2 48,100 Year 3 48,100 Year 4 48,100 Total $ 192 400 A machine costing $209,400 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 481,000 units of product during its life. It actually produces the following units: 122,000 in Year 1, 122,700 in Year 2, 120,800 in Year 3, 125,500 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot 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.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production Year Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total Units of Production Units Depreciable Depreciation Units per unit 122,000 122,700 120.800 125,500 $ w A machine costing $209,400 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory or January 1. The factory manager estimates the machine will produce 481.000 units of product during its life. It actually produces the following units: 122,000 in Year 1, 122,700 in Year 2, 120,800 in Year 3, 125,500 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot 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.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB Rate Compute depreciation for each year and total depreciation of all years combined) for the machine under the Double- declining-balance DDB Depreciation for the Period End of Period Beginning of Year Period Book Depreciation Depreciation Accumulated Book Value Value Expense Depreciation Year 1 % 0 Year 2 % Year 3 Year 4 Total $ 0 % 0 % 0 $ Step by Step Solution
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