problem 2B! ignore book instructions.

Instructions: the straight line method, the units-of-production method, and the double declining balance method.

Problem 8-2B Depreciation methods P1 On January 1. Manning Co purchases and installs a new machine costing $324.000 with a five-year life and an estimated 530,000 salvage valoo. Management estimate the machine will produce 1 470,000 units of product during its life. Actual production of units is an follows: 355.600 in Year 1.320,400 in Year 2, 317.000 in Year 3. 343.000 in Year 4 and 138.500 in Years The total number of units produced by the end of Year 5 exceeds the original estimate this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required Prepare a table with the following column Headings and compute depreciation for each year cand total depreciation of all years combined for the machine under each depreciation method. Check on up to 6. Straight line Unit of Production Double Declining balance