Show Me How Depreciation Methode Grman Company purchased a machine for $195,000 on January 2, 2019. It made the following estimates: Service 5 years or 10,000 hours Production 180,000 units Residual value $ 18,000 In 2019, Gruman uses the machine for 2,000 hours and produces 40,000 unit. In 2020, Gruan uses the machine for 1,200 hours and produces 4,000 units. It required, round your final answers to the nearest dollar. Required: 1. Compute the depreciation for 2019 and 2020 under each of the following methods Straight-line method 20195 20205 b. Sum-of-the-years-digits method 20195 2020 5 Double-declining balance method 2019 $ 20205 d. Activity method based on hours worked 2019 5 20305 Activity method based on units of output 2019 $ 2020 Check My Work Previous Next > 2 eBook Show Me How 2. For each method, what is the book value of the machine at the end of 20197 At the end of 2020? & Straight-line method 2019 5 2020 5 b. Sum-of-the-years-digits method 2019 $ 2020 5 Double-declining balance method 2019 5 20205 d. Activity method based on hours worked 2019 $ 2020 5 Activity method based on units of output 2019 5 2020 1. Gruman used a service life of 8 years or 15,000 hours and a residual value of $9,000, what would be the effect on the following under the straight-line sum of the-years-digits, and double declining balance depreciation methods Depreciation expense Straight-line method 20195 2020 b. Sum-of-the-years-digits method 2019 2020 Check My Work Block Show Me How 2020 $ 3. If Gruman used a service life of years or 15,000 hours and a residual value of $9,000, what would be the effect on the following under the straight-line, sum-of- the years.digits, and double-declining balance depreciation methods Depreciation expense a. Straight-line method 20195 2020 $ D. Sum-of-the-years-digits method 2019 5 2020 Double-dedining balance method 2019 $ 20205 Book value Straight line method 2019 2020 Sum-of-the-years-digits method 2019 20205 Double-dedining balance method 20195 20305 Check My Work Previous Next >