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With the given information below: Sandhill Limited purchased a machine on account on April 1, 2021, at an invoice price of $337,900. On April 2,

With the given information below:

Sandhill Limited purchased a machine on account on April 1, 2021, at an invoice price of $337,900. On April 2, it paid $2,080 for delivery of the machine. A one-year, $4,200 insurance policy on the machine was purchased on April 5. On April 19, Sandhill paid $7,460 for installation and testing of the machine. The machine was ready for use on April 30. Sandhill estimates the machines useful life will be five years or 6,186 units with a residual value of $82,570. Assume the machine produces the following numbers of units each year: 976 units in 2021; 1,407 units in 2022; 1,383 units in 2023; 1,211 units in 2024; and 1,209 units in 2025. Sandhill has a December 31 year end.

How can I get to the Cost of machine/ What is the formula to get to the Cost of Machine:

Expected Output for the Cost of Machine = 347,440

How can I get to the Depreciable Amount and Depreciation Expense/ What is the formula to get the Depreciable Amount and Depreciation Expense for the straight line method:

Year Depreciable Amount Depreciable Expense
2021

264870

35316
2020 264870 88290
2019 264870 141264
2018 264870 194238
2017 264870 247212
2016 264870 264870

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