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Torge Company bought a machine for $69,800 cash. The estimated useful life was five years, and the estimated residual value was $6,600. Assume that the
Torge Company bought a machine for $69,800 cash. The estimated useful life was five years, and the estimated residual value was $6,600. Assume that the estimated useful life in productive units is 158,000. Units actually produced were 41,600 in year 1 and 47,400 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. Book Value at the End of Depreciation Expense for Method of Depreciation Year 1 Year 2 Year 1 Year 2 Straight-line $ 12,640 10,112 Units-of-production Double-declining-balance
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