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The following information pertains to a machine purchased by Bakersfield Company on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated useful life
The following information pertains to a machine purchased by Bakersfield Company on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated useful life Estimated units the machine will produce Estimated salvage value $ 65,000 $ 2,200 $ 3,200 8 years 132,800 $ 4,000 The machine produced 14,600 units during Year 1 and 17,200 units during Year 2. Required Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using each of the following methods: a. Straight-line. b. Double-declining-balance. c. Units-of-production. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using the straight-line method. Straight-line Depreciation Year 1 Year 2 Required Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using each of the following methods a. Straight-line. b. Double-declining-balance. c. Units-of-production. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using the double-declining-balance method. (Do not round intermediate calculation.) Double- Declining Balance Year 1 Year 2 a. Straight-line. b. Double-declining-balance. c. Units-of-production. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using the units-of-production method. (Do not round intermediate calculation.) Units-of- Production Year 1 Year 2
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