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Torge Company bought a machine for $65,600 cash. The estimated useful life was five years, and the estimated residual value was $5,200. Assume that the
Torge Company bought a machine for $65,600 cash. The estimated useful life was five years, and the estimated residual value was $5,200. Assume that the estimated useful life in productive units is 151,000. Units actually produced were 40,200 in year 1 and 45,300 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. Depreciation Expense for Book Value at the End of Method of Depreciation Year 1 Year 2 Year 1 Year 2 Straight-line Units-of-production Double-declining-balance
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