Problem 8-30A (Static) Calculating depreciation expense using four different methods LO 8-2, 8-3, 8-4, 8-6 Banko Incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1. Purchase price Delivery cost $70,000 $3,000 $1,000 5 Installation charge Estimated life Estimated units Salvage estimate During Year 1, the machine produced 36,000 units, and during Year 2 it produced 38,000 units. Required MACRS table: 140,000 $4,000 years a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method. b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.)

Problem 8-30A (Static) Calculating depreciation expense using four different methods LO 8-2, 8-3, 8-4, 8-6 Banko Incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1 , Year 1 . During Year 1, the machine produced 36,000 units, and during Year 2 it produced 38,000 units. Required a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method. b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.) Problem 8-30A (Static) Calculating depreciation expense using four different methods L0 8-2, 8-3, 8-4, 8-6 Banko Incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1 , Year 1. During Year 1 , the machine produced 36,000 units, and during Year 2 it produced 38,000 units. Required a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year Tand Year 2 using MACRS, assuming that the machine is ciassified as seven-year property. (Round your answers to the nearest dollar amount.) MACRS table