Question
Problem 9-9B Alternative depreciation methods; partial year's depreciation LO2, 3 CHECK FIGURES: 2020 SL $31,304; 2025 Units = $21,140; 2022 DDB = $48,048 On
Problem 9-9B Alternative depreciation methods; partial year's depreciation LO2, 3 CHECK FIGURES: 2020 SL $31,304; 2025 Units = $21,140; 2022 DDB = $48,048 On May 2, 2020, Uniglobe Satellite Company purchased and installed a new machine that cost $273,000, with a five-year life and an estimated $38,220 residual value. Management estimated that the machine would pro- duce 168,000 units of product during its life. Actual production of units was as follows: 2020. 23,520 2021. 36,960 2022. 33,600 2023 31,920 2024 26,600 2025. 30,940 Required Prepare a schedule with the following column headings. Year Straight-Line Units-of-Production Double-Declining-Balance Show the depreciation for each year (calculated to the nearest whole month) and the total depreciation for the machine under each depreciation method. For units-of-production, round the depreciation charge per unit to two decimal places. The company's year-end is December 31.
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