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Problem 11-2 The cost of equipment purchased by Flounder, Inc., on June 1, 2017, is $93,450. It is estimated that the machine will have a

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Problem 11-2 The cost of equipment purchased by Flounder, Inc., on June 1, 2017, is $93,450. It is estimated that the machine will have a $5,250 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 44,100, and its total production is estimated at 551,250 units. During 2017, the machine was operated 6,300 hours and produced 57,750 units. During 2018, the machine was operated 5,775 hours and produced 50,400 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 (a) Straight-line (b) Units-of-output (e) Working hours (d) Sum-of-the-years-digits (e) Double-decliing-balance (twice the straight-line rate) s LINK TO TEXT

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