A chocolate bar manufacturing company purchased a chocolate bar machine for $360,500, which has a...
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A chocolate bar manufacturing company purchased a chocolate bar machine for $360,500, which has a salvage value of 15% of its cost and a useful life of 10 years. According to the machine manufacturer, it is estimated that the machine will be able to produce a total of 95,000,000 tons of chocolate before it is replaced by another one. Determine the total depreciation and depreciation per unit produced under the following estimated production schedule:
Year
Units to be produced (in kilograms)
1
140,476,480
2
130,977,609
3
100,991,414
4
100,567,034
5
100,656,526
Show the entire procedure performed and formulas used.
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