Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $207,400 with a four-year life and an estimated $15,000 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. 122.400 in Year 1, 124.200 in Year 2. 121,000 in Year 3. 123,400 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimatethis 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 dollor.) Complete this question by entering your answers in the tabs below. Straight line Units of Production DDB Computer depreciation for each year (and total depreciation of all years combined) for the machine under the straight-line depreciation. Straight Line Danciation Year Depreciation Expense 1 2 3 4 Total Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $207,400 with a four-year life and an estimated $15.000 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: 122,400 in Year 1, 124,200 in Year 2, 121,000 in Year 3, 123,400 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 Unitilat Production DOO Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production Units of Production Depreciable Depreciation Units Year Units Depreciation Exponse por un 1 2 122.400 124.200 121,000 123,400 3 4 Total a Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $207,400 with a four-year life and an estimated $15,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 481000 units of product during its life. It actually produces the following units: 122.400 in Year 1, 124.200 in Year 2, 121.000 in Year 3, 123,400 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 Une Units of Production DOR 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 Porlod Beginning of Year Period Book Depreciation Depreciation Accumulated Rate Book Value Value Expense Depreciation 1 % 2 X 3 % 4 % Total (Units of Production
