Question: Problem 6-23A (Algo) Calculating depreciation expense using three different methods LO 6-2, 6-3, 6-4 Banko Inc, manufactures sporting goods. The following Information applies to a

Problem 6-23A (Algo) Calculating depreciation expense using three different methods LO 6-2, 6-3, 6-4 Banko Inc, manufactures sporting goods. The following Information applies to a machine purchased on January 1, Yeart 30 Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 55,880 $ 4, een $ 2,80 5 years 142,000 $ 5,00 During Year 1, the machine produced 38,000 units and during Year 2, it produced 40,000 units. Required Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods: Year 1 Year 2 a. Straight-line b. Double-declining balance c. Units of production

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