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Question 8 (6 points) Saved ACCT-2043 Spring 2020 xa On January 12, 2020, Widgit Manufacturing purchased a machine costing $1,100,000 with a four- year useful
Question 8 (6 points) Saved ACCT-2043 Spring 2020 xa On January 12, 2020, Widgit Manufacturing purchased a machine costing $1,100,000 with a four- year useful life and an estimated $100,000 residual value. It was also estimated that the machine would produce 200,000 units during its useful life. Widgit Manufacturing has a December 31st year end. Actual number of units produced each year is as follows: 2020 - 50,000 units 2021 - 55,000 units 2022 - 45,000 units 2023 - 55,000 units REQUIRED: Determine depreciation expense for each of the next 4 years (2020 to 2023) and the Carrying Value at December 31, 2023 using the units of production method. (6 marks) Format BIU
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