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TB Problem 9-255 (Static) Duluth Ranch, Incorporated purchased a machine... Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine

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TB Problem 9-255 (Static) Duluth Ranch, Incorporated purchased a machine... Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $34,000. Its estimated residual value was $10,000 at the end of an estimated 5 -year life. The company expects to produce a total of 20,000 units. The company produced 2,500 units in 2021 and 3,200 units in 2022 Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreclation expense for 2021 through 2025 using the double-declining bulance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 and 2022 using the stralght-line method. TB Problem 9-255 (Static) Duluth Ranch, Incorporated purchased a machine... Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $34,000. Its estimated residual value was $10,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 2,500 units in 2021 and 3,200 units in 2022 Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $34,000. Its estimated residual value was $10,000 ot the end of an estimated 5 -year life. The company expects to produce a total of 20,000 units. The comparty produced 2500 units in 2021 and 3,200 units in 2022 Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method b. Calculate the depreciotion expense for 2021 and 2022 using the units - of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double declining balance method Complete this question by entering your answers in the tabs below. Cakulate depreciation expense for 2021 through 2025 using the double dedining bolance method. (Round your final answers

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