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Schrade Company bought a machine for $124,000 cash. The estimated useful life was four years, and the estimated residual value was $6, 960. Assume that
Schrade Company bought a machine for $124,000 cash. The estimated useful life was four years, and the estimated residual value was $6, 960. Assume that the estimated useful life in productive units is 133,000. Units actually produced were 56,000 in year 1 and 58,000 in year 2. Determine the appropriate amounts to complete the following schedule. (Round your answers to the nearest dollar amount. Do not round intermediate calculations.)
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