Question: Show all work Question 28 20 pts Problem 3 (20 Points) Ryan Company purchased a new machine on January 1, 2017, at a cost of
Question 28 20 pts Problem 3 (20 Points) Ryan Company purchased a new machine on January 1, 2017, at a cost of $45,000. The company estimated that the machine has a salvage value of $5,000 and a useful life of four years. The machine is expected to produce 400,000 units. Required: a. Calculate depreciation expense to the nearest whole dollar for each year of the machine's useful life using straight-line depreciation. b. Calculate depreciation expense to the nearest whole dollar for each year of the machine's useful life using double declining-balance depreciation. C. If the machine was used to produce and sell 120,000 units in 2017, what would be the depreciation expense using the units-of-production method? d. What is the book value of the machine after three years using the double declining-balance method? e. What is the book value of the machinery after three years using the straight-line methoda
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