During Year 1, the machine produced 49,000 units, and during Year 2 it produced 51,000 units....

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During Year 1, the machine produced 49,000 units, and during Year 2 it produced 51,000 units. Required: a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method. b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. Note: Round your answers to the nearest dollar amount. MACRS table: Year 1 2 3 4 5 6 7 8 5-Year property,% 20.00 32.00 19.20 11.52 11.52 5.76 a. Depreciation expense b. Depreciation expense c. Depreciation expense d. Depreciation expense 7-Year property,% 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Year 1 Year 2 During Year 1, the machine produced 49,000 units, and during Year 2 it produced 51,000 units. Required: a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method. b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. Note: Round your answers to the nearest dollar amount. MACRS table: Year 1 2 3 4 5 6 7 8 5-Year property,% 20.00 32.00 19.20 11.52 11.52 5.76 a. Depreciation expense b. Depreciation expense c. Depreciation expense d. Depreciation expense 7-Year property,% 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Year 1 Year 2

Answer rating: 100% (QA)

Solution Cost of the machine to be capitalized Purchase price Delivery cost Installation charge 9080... View the full answer