UW launchd-https253A%252F%252Fnewconnect.mheducation.com2... HW Submitted 65.77100 Total points On October 1, 2018, the Allegheny Corporation purchased machinery for $157,000. The estimated service life of the machinery is 10 years and the estimated residual value is $3,000. The machine is expected to produce 350,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 1. Straight line. 2. Sum of the years' digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 14.000 units produced in 2019, 29,000). Complete this question by entering your answers in the tabs below. ed Required Required 2 Required 5 Required 3 Required 4 Calculate depreciation for 2018 and 2019 using straight line method. Partial-year depreciation is calculated based on the number of months the asset is in service. Choose Numerator: Cost Straight-Line Depreciation Choose Denominator: Estimated Useful Life (years) 10 E x Annual Depreciation Annual Depreciation $ 15.400 Depreciation Expense Is 154,000 Annual Depreciation Fraction of Year Year 2 of 16 Next > "Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. israel.jpg shuk.jpg israel flag.png J, 29,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Calculate depreciation for 2018 and 2019 using one hundred fifty percent declining balance. Partial-year depreciation is calculated based on the number of months the asset is in service. (Do not round your intermediate calculations and round your final answers to nearest whole number.) Depreciation for the Period End of Period Beginning Annual of Period Depreciation Fraction Depreciation Accumulated Book Period Book Rate of Year Expense Depreciation Value Value 2018 $ 157,000 15% 3/12S 5,888 $ $ 151,112 2019 $ 157,000 15% 9/12 X 17,663 % $ 23,551 $ 139,337 5,888 "Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. shuk.jpg israel.jpg israel flag.png Lineducation.com wa Submitted 65.77100 1. Sugulille. 2. Sum-of-the years -digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 14,000; units produced in 2019, 29,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using Units of production (units produced in 2018, 14,000; units produced in 2019, 29,000). Partial-year depreciation is calculated based on the number of months the asset is in service. (Round "Depreciation per unit rate" answers to 2 decimal places.) Show less Select formula for Units of Production Depreciation: (Cost - Salvage) / Total units of production Calculato 2018 depreciation expense: Depreciation per unit rate $ 0.44 Units produced in 2018 1,400 x Depreciation in 2018 $ 6.160 Calculate 2019 depreciation expense: Depreciation per unit rate S 0.44 Units produced in 2019 29,000 Depreciation in 2019 s 12,760 2 of 16 Next >
