Question 6 (Homework 6)

On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000. The estimated service life is eight years and the total units of output to be 200,000. The estimated residual value is $8,000. Production for the first four years was as follows:

Year	Units
2016	25,000
2017	30,000
2018	35,000
2019	20,000

Using the double declining balance method, how much is: (Enter only whole dollar values.)

1. the 2018 depreciation expense

2. the accumulate depreciation after the fiscal year 2018 adjusting entry

3. the book value of the truck after the fiscal year 2018 adjusting entry