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this is all the information given I've also included the other picture that show each tab shown in picture 1 on the bottom ( straight
this is all the information given
I've also included the other picture that show each tab shown in picture 1 on the bottom ( straight line, Units of production, DDB) please let me know if I'm missing something tho I've taken pictures of all the given information. Thank you for your time.
A machine costing $257,500 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 475,000 units of product during its life. It actually produces the following units: 220,000 in Year 1,124,600 in Year 2, 121,800 in Year 3, and 15,200 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted 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.) 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 Straight-line depreciation. Straight-Line Depreciation Year Depreciation Expense 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 Straig depreciation. Straight-Line Depreciation Depreciation Year Expense 1 3 4 Total Complete this question by entering your answers in the tabs below. Units of Production 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. Units of Production Depreciable Depreciation Units per unit Year Units Depreciation Expense 2 220,000 124,600 121,800 15,200 Total Complete this question by entering your answers in the tabs below. Straight Line Units of Production DD Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double declining-balance. DDB Depreciation for the Period End of Period Year Depreciation Rate Period Book Value Depreciation Expense Accumulated Depreciation Book Value TotalStep by Step Solution
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