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Problem 8-2A Depreciation methods LO P1 A machine costing $212,800 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company's
Problem 8-2A Depreciation methods LO P1 A machine costing $212,800 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 482,000 units of product during its life. It actually produces the following units: 121,400 in 1st year, 123,800 in 2nd year, 120,200 in 3rd year, 126,600 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimatethis 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.) 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 Straight-line depreciation. Straight-Line Depreciation Depreciation " Expense Year Total Straight Line Units of Production > 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 Units of production. Year Units of Production Depreciable Depreciation Units per unit Depreciation Expense Total 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 Double-declining- balance. DDB Depreciation for the Period Beginning of Depreciation Depreciation Period Book Value Rate Expense End of Period Accumulated Book Value Depreciation Year
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