Note: I want a good explanation so take your time plz, I am not in a hurry.

Torge Company bought a machine for $74,000 cash. The estimated useful life was five years and the estimated residual value was $5,000. Assume that the estimated useful life in productive units is 165,000. Units actually produced were 44,000 in year 1 and 49,500 in year 2

Paraphrasing Tool |... S Shahid Anime - ..go So Make Images, Vide. Jo Desmos | Graphing.. (4) Jah Khalib - Men... S Sony Cra Homework Chpt 9 Saved Help Sa 7 E9-15 Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3, LO 9-7] 25 points Torge Company bought a machine for $74,000 cash. The estimated useful life was five years and the estimated residual value was Skipped in year 2. $5,000. Assume that the estimated useful life in productive units is 165,000. Units actually produced were 44,000 in year 1 and 49,500 Required: eBook 1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.) Depreciation Expense for Book Value at the End of References Method of Depreciation Year 1 Year 2 Year 1 Year 2 Straight-line Units-of-production Double-declining-balance 2-a. Which method would result in the lowest net income for year 1? O Units-of-production Double-declining-balance O Straight-line 2-b. Which method would result in the lowest net income for year 2? Help 7 Method of Depreciation Year 1 Year 2 Straight-line Year Year 2 Units-of-production 2.5 Double-declining-balance points Skipped 2-a. Which method would result in the lowest net income for year 1? Book O Units-of-production References Double-declining-balance Straight-line 2-b. Which method would result in the lowest net income for year 2? Units-of-production O Straight-line Double-declining-balance 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Double-declining-balance O Straight-line O Units-of-production Mc Graw Hill O C U 9 Type here to search