Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $207,400 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 476,000 units of product during its life. It actually produces the following units: 122100 in Year 1, 124,000 in Year 2, 120,000 in Year 3, 119,900 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 DDB Producties Units of Production 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 Year 2 Year 3 Year 4 Total Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $207,400 with a four-year life and an estimated $17,000 salvage value is installed in January 1. The factory manager estimates the machine will produce 476,000 units of product during its following units: 122,100 in Year 1,124,000 in Year 2, 120,000 in Year 3, 119.900 in Year 4. The total numb of Year 4 exceeds the original estimate this difference was not predicted. Note: The machine cannot be estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine und (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole do Complete this question by entering your answers in the tabs below. Units of Production DDB Straight Line Compute depreciation for each year (and total depreciation of all years combined) for the machine under th production Depreciation Expense Year per unit Year 1 Year 2 Year 3 Year 4 Units of Production Units Depreciable Depreciation Units 122,100 124,000 120.000 119,900 Total A machine costing $207,400 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's fa January 1. The factory manager estimates the machine will produce 476,000 units of product during its life. It actually produ following units: 122,100 in Year 1. 124,000 in Year 2, 120,000 in Year 3, 119,900 in Year 4. The total number of units produced of Year 4 exceeds the original estimate-this difference was not predicted Note. The machine cannot be depreciated below estimated salvage value Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation (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. Units of Production DDB Straight Une 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 Rate Value Expense Depreciation Year 1 Year 2 % Year 3 % Year 4 % Total
