straight line/units of production/DDB

Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $212,200 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 483,000 units of product during its life. It actually produces the following units: 121,900 in Year 1, 122,600 in Year 2, 120,800 in Year 3, 127,700 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production Year Units per unit 1 2 2 3 121,900 122,600 120,800 127,700 Units of Production Depreciable Depreciation Depreciation Units Expense 121,900 $ 0.40 $ 48,760 123,500 $ 0.40 49,400 120,300 $ 0.40 48,120 117,300 $ 0.40 46,920 $ 483,000 $ 193,200 4 Total A machine costing $212,200 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 483,000 units of product during its life. It actually produces the following units: 121,900 in Year 1, 122,600 in Year 2, 120,800 in Year 3, 127,700 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimatethis difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double- declining-balance. End of Period Accumulated Book Value Depreciation Year DDB Depreciation for the Period Beginning of Period Book Depreciation Depreciation Value Rate Expense % % % 1 $ 0 2 0 3 0 4 0 Total $ 0