Question: Problem 8-2A Depreciation methods LO P1 A machine costing $211,600 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's

 Problem 8-2A Depreciation methods LO P1 A machine costing $211,600 with

Problem 8-2A Depreciation methods LO P1 A machine costing $211,600 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 484,000 units of product during its life. It actually produces the following units: 121,800 in 1st year, 123,800 in 2nd year, 120,600 in 3rd year, 127,800 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted. (The machine must not 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 DDB Straight Line Production Compute depreciation for each year (and total depreciation of all years combined) for the machine under each Double- declining-balance. DDB Depreciation for the Period End of Period Beginning of Period Book Value Depreciation Expense Depreciation Rate Accumulated Year Book Value Depreciation $ 1 211,600 % 211,600 0 2 % 0 3 % 4 % 0

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