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SOLVE CORRECTLY PLEASEE The cost of equipment purchased by Oriole, Inc., on April 1, 2025, is $113,000. It is estimated that the machine will have
SOLVE CORRECTLY PLEASEE
The cost of equipment purchased by Oriole, Inc., on April 1, 2025, is $113,000. It is estimated that the machine will have a $5,000 salvage value at the end of its service life. Its service life is estimated at 6 years; its total working hours are estimated at 21,600; and its total production is estimated at 432,000 units. During 2025, the machine was operated 3,500 hours and produced 41,000 units. During 2026, the machine was operated 4,600 hours and produced 54,000 units. Compute depreciation expense on the machine for the year ending December 31, 2025, and the year ending December 31,2026 . using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 45,892.) Step by Step Solution
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