Question: Can anyone help me with this problem? Thanks for your help in advance. Sketches Inc. purchased a machine on January 1, 2016. The cost ofthe

Can anyone help me with this problem?

Thanks for your help in advance. Can anyone help me with this problem? Thanks for your helpin advance. Sketches Inc. purchased a machine on January 1, 2016. The

Sketches Inc. purchased a machine on January 1, 2016. The cost ofthe machine was $32,000. lts estimated residual value was $10,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 1,200 units in 2016 and 1,650 units in 2017 Required: a. Calculate depreciation expense for 2016 and 2017 using the straight-line method 2016 2017 Depreciation Expense Calculate the depreciation expense for 2016 and 2017 using the units-of-production method. (Do not b. round your intermediate calculations. Round your final answers to the nearest whole dollar.) 2016 2017 Depreciation Expense

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