E8-14 Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on Cash Flows LO8-3, 8-7

Schrade Company bought a machine for $104,000 cash. The estimated useful life was four years, and the estimated residual value was $6,040. Assume that the estimated useful life in productive units is 124,000. Units actually produced were 47,000 in year 1 and 49,000 in year 2.

E8-14 Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on Cash Flows LO8-3, 8-7 (The following information applies to the questions displayed below. Schrade Company bought a machine for $104,000 cash. The estimated useful life was four years, and the estimated residual value was $6,040. Assume that the estimated useful life in productive units is 124,000. Units actually produced were 47,000 in year 1 and 49,000 in year 2 References Section Break E8-14 Computing Depreclation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on Cash Flows LO8-3, 8-7 Required information 5.00 points E8-14 Part 1 Required: Determine the appropriate amounts to complete the following schedule. Round your answers to he nearest dollar amount. Do not round in ermedia e ca culations Depreciation Expense forNet Book Value at the End of Method of Straight-line Units-of-production Double-declining-balance Year 1 Year 2 Year 1 Year 2 $24,490