Question: Accounting GBA 5205 Problem 6-23 Calculating depreciation expense using three different methods Banko Inc. manufactures sporting goods. The following information applies to a machine purchased

Accounting GBA 5205

Accounting GBA 5205 Problem 6-23 Calculating depreciation expense using three different methods

Banko Inc. manufactures sporting goods. The following information applies to a machine

Problem 6-23 Calculating depreciation expense using three different methods Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1,2018: Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $70,000 $ 3,000 $1,000 5 years 140,000 $4,000 During 2018, the machine produced 36,000 units and during 2019, it produced 38,000 units. Required Determine the amount of depreciation expense for 2018 and 2019 using each of the following methods: a. Straight-line. b. Double-declining-balance. c. Units of production

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