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Q2 Alladin Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #201 was gathered at the end of May. Price
Q2 Alladin Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #201 was gathered at the end of May. Price Freight-in costs Prep and installation costs Labor costs during regular production operations $1,806,000 $78,000 $18,000 $504,100 Alladin intends to use the machine only 12 years, however, after which it expects to be able to sell it for $29,400 The invoice for Machine #201 was paid May 1, 2020. Alladin uses the calendar year as the basis for the preparation of financial statements. (2) Compute the depreciation expense for the years indicated using the sum-of-years'-digits method for 2021. (Round to the nearest dollar.)
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