vans. Other Bookmark eBook Calculator Exercise 7-51 Inferring Original Cost Barton Construction Company purchased a piece of heavy equipment on January 1, 2017, which it is depreciating using the straight-line method. The equipment's useful life is 5 years and its residual value is $5,000. Barton recorded depreciation expense of $44,000 in 2018. Required: Determine the original cost of the equipment. BOOK Exercise 7-48 (Algorithmic) Depreciation Methods Berkshire Corporation purchased a copying machine for $9,800 on January 1, 2019. The machine's residual value was $1,175 and its expected life was 5 years or 2,000,000 copies. Actual usage was 480,000 copies in the first year and 438,000 in the second year. Required: 1. Compute depreciation expense for 2019 and 2020 using the: a. Straight-line method. Depreciation expense: $ Depreciation expense: $ per year b. Double-declining balance method. Depreciation Expense 2019 2020 2020 O c. Units-of-production method. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Depreciation Expense 2019 $ 2020 $ 2. For each depreciation method, what is the book value of the machine at the end of 2019? At the end of 2020? If required, round your answers to the nearest whole dollar. per b. Double-declining-balance method. Depreciation Expense 2019 2020 C. Units of production method. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Depreciation Expense 2019 2020 2. For each depreciation method, what is the book value of the machine at the end of 2019? At the end of 2020? If required, round your answers to the nearest whole dollar. 2019 2020 a. Straight-line method b. Double-declining-balance method C. Units-of-production method Previous Next > Check My Work 2 more Check My Work uses remaining. Save and Exit Submit Assignment for Grading Exercise 7-51 Inferring Original Cost Barton Construction Company purchased a piece of heavy equipment on January 1, 2017, which it is depreciating using the straight-line method. The equipment's useful life is 5 years and its residual value is $5,000. Barton recorded depreciation expense of $44,000 in 2018. Required: Determine the original cost of the equipment. more Check My Work uses remaning 4 0 0 ENG 11/10 o Be M9