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Sarasota Manufacturing purchased a machine on January 1, 2023 for use in its factory. Sarasota paid $422,000 for the machine and estimated that it

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Sarasota Manufacturing purchased a machine on January 1, 2023 for use in its factory. Sarasota paid $422,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $30,000. During its life, the machine was expected to produce 280,000 units. During 2023, the machine produced 32,100 units, and produced 46,400 in 2024. The machine was subject to a 20% CCA rate, and Sarasota's year-end was December 31. The machine is eligible for the Accelerated Investment Incentive. (a) Calculate the annual depreciation amount for 2023 and 2024 using the straight-line method. 2023 $ Annual depreciation amount Save for Later $ 2024 Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above.

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