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Torge Company bought a machine for $89,000 cash. The estimated useful life was five years...

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Accounting

Torge Company bought a machine for $89,000 cash. The estimated useful life was five years and the estimated residual value was
$8,000. Assume that the estimated useful life in productive units is 189,000. Units actually produced were 50,400 in year 1 and 56,700
in vear 2.
Required:
1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.)
image
Required: 1. Determine the appropriate amounts to complete the following schedule (Do not round intermediate calculations.) Method of Depreciation Straight-line Units of production Double-declining balance Depreciation Expense Book Value at the End for Year 1 Year 2 Year 1 Your 2 $ 16200 $ 16,200 $ 72,800 $ 56,600 $ 21672 $ 24,381 $ 67,328 * $ 42.947 $ 35.500S 21,360 $ 53,400 $ 42,947 2-0. Which method would result in the lowest net income for year 1? Units of production Straight line Double-declining-balance 2-6. Which method would result in the lowest net income for year 2? Double-declining balance Straight-line Units-of production 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Straight-line Double-declining balance Units of production

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