Question: Please answer for all 3 methods. Problem 10-2A Depreciation methods LO A machine costing $214,400 with a four-year life and an estimated $18,000 salvage value

Please answer for all 3 methods. Problem 10-2A Depreciation methods LO Amachine costing $214,400 with a four-year life and an estimated $18,000 salvagePlease answer for all 3 methods.

Problem 10-2A Depreciation methods LO A machine costing $214,400 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 491,000 units of product during its life. It actually produces the following units: 122,700 in Year 1, 123,000 in Year 2, 121,400 in Year 3, 133,900 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. (The machine cannot be depreciated below its estimated salvage value.) Required: Compute depreciation for each year and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Units of Straight Line Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Units of production. Units of Production Depreciable Depreciation Units per unit Year Units Depreciation Expense 1 2 122,700 123,000 121,400 133,900 3 4 Total Straight Line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Double- declining-balance. End of Period Year DDB Depreciation for the Period Beginning of Period Book Depreciation Depreciation Rate Expense Value % Accumulated Depreciation Book Value 1 2 % % 3 4 % Total

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!