Question: 1. 500 points Problem 8-2A Depreciation methods LO P1 A machine costing $212,800 with a four-year life and an estimated $16.000 salvage value is installed
1. 500 points Problem 8-2A Depreciation methods LO P1 A machine costing $212,800 with a four-year life and an estimated $16.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 123,300 in 1st year, 124,000 in 2nd year 120,200 in 3rd year, 134,500 in 4th year The total number of units produced by the end of year 4 below its estimated salvage value.) Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) epreciation Straight-Line Depreciation Year Expense Total
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
