Question: Problem 9-3A a-b Crane United purchased a machine on account on April 2, 2018, at an invoice price of $366,600. On April 4, it paid

it paid $1,980 for delivery of the machine. A one year. $3.940

Problem 9-3A a-b Crane United purchased a machine on account on April 2, 2018, at an invoice price of $366,600. On April 4, it paid $1,980 for delivery of the machine. A one year. $3.940 insurance policy on the machine was purchased on April 5. On April 18, Crane paid $8,420 for installation and testing of the machine. The machine was ready for use on April 30. Crane estimates the machine's useful life will be five years or 6,171 units with a residual value of $72,200, Assume the machine produces the following numbers of units each year S3 uns in 20181,385 units in 2019; 1,366 units in 2020; 1,427 units in 20211 and 1,140 units in 2022. Crone has a December 31 year end. Determine the cost of the machine Cost of the machine (1) Straight-line method Year Depreciable Cost Depreciation Expense Accumulated Depreciation Carrying Amount 2018 2019 2020 2021 2022 2023 (2) Double-diminishing-balance method balance method Year Opening Carrying Amount Depreciation Expense Accumulated Depreciation Carrying Amount 2018 2019 2020 2022 2023 (3) Units-of-production method Year Units of production Depreciation Expense Accumulated Depreciation Carrying Amount 2018 2019 2020 2021 2012

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