Torge Company bought a machine for $64,000 cash. The estimated useful life was five years and the estimated residual value was $7,000. Assume that the estimated useful life in productive units is 186,000. Units actually produced were 49,600 in year 1 and 55,800 in year 2.

E9-15 Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the lmpact on the Fixed Asset Turnover Ratio ILO 9-3, LO 9-71 Torge Company bought a machine for S64,000 cash. The estimated useful life was five years and the estimated residual value was $7,000. Assume that the estimated useful life in productive units is 186,000. Units actually produced were 49,600 in year 1 and 55,800 in year 2. Required 1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.) Depreciation Expense for Book Value at the End of Year 1 Year 2 Method of Depreciation Year 2 Year 1 Straight-line Units-of-production Double-declining-balance