Question: please help asap A machine costing $209,000 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January

please help asap
please help asap A machine costing $209,000 with a four-year life and
an estimated $19,000 salvage value is installed in Luther Company's factory on
January 1. The factory manager estimates the machine will produce 475,000 units

A machine costing $209,000 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 475,000 units of product during its life. It actually produces the following units: 122,700 in Year 1, 123,900 in Year 2, 121,200 in Year 3, 117,200 in Year 4. The total mumber of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: 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. Note: 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. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Straight-line depreciation. machine costing $209,000 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on anuary 1. The factory manager estimates the machine will produce 475,000 units of product during its life. It actually produces the ollowing units: 122,700 in Year 1,123,900 in Year 2,121,200 in Year 3,117,200 in Year 4. The total number of units produced by the end if Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot be depreciated below its istimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. Note: 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. Compute depreciation for each year (and total depreclation of all years combined) for the machine under the Units of production. A machine costing $209,000 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 475,000 units of product during its life. It actually produces the following units: 122,700 in Year 1, 123,900 in Year 2, 121,200 in Year 3, 117,200 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note; The machine cannot be depreciated below its estimated salvage value. Required: Cor pute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. Note: 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. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Doubledeclining-balance

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!