A machine costing $ with a fouryear life and an estimated $ salvage value is installed in Luther Company's factory on January The factory manager estimates the machine will produce units of product during its life. It actually produces the following units: in Year in Year in Year and in Year The total number of units produced by the end of Year exceeds the original estimatethis difference was not predicted.
Note: The machine cannot be depreciated below its estimated salvage value.
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Required:
Compute depreciation for each year and total depreciation of all years combined for the machine under each depreciation method.
Note: Round your per unit depreciation to decimal places.
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tableStraighttableUnits ofProductiontableDoubledecliningbalance
Compute depreciation for each year and total depreciation of all years combined for the machine under depreciation.
tableStraightLine DepreciationYeartableDepreciationExpenseYear Year
