You are a financial analyst for Loch Motor Company and have been asked to determine the impact
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Question:
You are a financial analyst for Loch Motor Company and have been asked to determine the impact of alternative depreciation methods. For your analysis, you have been asked to compare methods based on a machine that cost $146,000. The estimated useful life is 16 years, and the estimated residual value is $20,000. The machine has an estimated useful life in productive output of 210,000 units. Actual output was 25,000 in year 1 and 21,000 in year 2.
Required:
1.For years 1 and 2 only, prepare separate depreciation schedules assuming:(Do not round intermediate calculations and round your final answers to the nearest dollar amount.)
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