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  3. 1: jim company bought a machine for $18,840 with a

1: Jim Company bought a machine for $18,840 with an estimated life of 5 years....

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Accounting

1: Jim Company bought a machine for $18,840 with an estimated life of 5 years. The residual value of the machine is $4,800. This machine is expected to produce 108,000 units. In year 1, it produced 13,000 units, and in year 2, 32,000 units.

Assuming the units-of-production method, calculate the first 2 years depreciation.

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