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Work P9-9A Megan Corporation purchased machinery on January 1, 2022, at a cost of $250,000. The estimated useful life of the machinery is 4 years,
Work P9-9A Megan Corporation purchased machinery on January 1, 2022, at a cost of $250,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $30,000. It is expected to produce 50,000 units over its life. The company is considering different depreciation methods that could be used for financial reporting purposes. Instructions Prepare separate depreciation schedules for the machinery using the straight-line method, the declining-balance method using double the straight-line rate, and units of activity method assuming the machine produced 10,000 units in 2022, 20,000 units in 2023, 15,000 units in 2024 and 5,000 units in 2025. (Round to the nearest dollar.) 202 Share
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