Question: Complete the following table given this information: (Do not round intermediate calculations.) Cost of machine $ 100,000 Residual value $ 5,000 Useful life 5 years

Complete the following table given this information: (Do not round intermediate calculations.)

Cost of machine $ 100,000
Residual value $ 5,000
Useful life 5 years

Estimated units machine will produce 100,000
Actual production: Year 1 Year 2
70,000 20,500

Use MACRS table.

Depreciation Expense
Method Year 1 Year 2
Straight line $ $
Units of production $ $
Declining balance $ $
MACRS (5-year class) $ $

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