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The initial number 49650 is wrong where I put in each area is wrong. Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $212,600
The initial number 49650 is wrong where I put in each area is wrong.
Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $212,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 489,000 units of product during its life. It actually produces the following units: 122,100 in Year 1, 123,300 in Year 2, 120,600 in Year 3, 133,000 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. Note: 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. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production. A machine costing $212,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1 . The factory manager estimates the machine will produce 489,000 units of product during its life. It actually produces the following units: 122,100 in Year 1, 123,300 in Year 2, 120,600 in Year 3, 133,000 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. Note: 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. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Doubledeclining-balance. Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $212,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 489,000 units of product during its life. It actually produces the following units: 122,100 in Year 1, 123,300 in Year 2, 120,600 in Year 3, 133,000 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. Note: 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. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Straight-line depreciationStep by Step Solution
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