Question: Stuck here, cant figure out what I am doing wrong On January 2. 2015, Roth, Inc. purchased a laser cutting machine to be used in
Stuck here, cant figure out what I am doing wrong

On January 2. 2015, Roth, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $110,000, and its estimated useful life was four years or 1,050,000 cuttings, after which it could be sold for $5,000. Required a. Calculate each year's depreciation expense for the machine's useful life under each of the following depreciation methods (round all answers to the nearest dollar): . Straight-line. 2. Double-declining balance. 3. Units-of-production. (Assume annual production in cuttings of 260,000; 390,000; 320,000; and 80,000.) 1. Straight-Line Depreciation Year Expense 2015 3 26,250 2016 26,250 2017 26.250 2018 26,250 2. Double-declining balance Depreciation Year Expense 2015 $ 55,000 2016 27,500 2017 13.750 2018 5.875 2019 0 x 3. Units of Production Depreciation Year Expense 2015 $ 26,000 2016 39,000 2017 32,000 2018 8,000 b. Assume that the machine was purchased on July 1. 2015. Calculate each year's depreciation expense for the machine's useful life under each of the following depreciation methods: 1. Straight-line. 2. Double-declining balance. 1. Straight-Line Depreciation Year Expense 2015 $ 13,250 x 2016 Q X 2017 2018 0 x 2019 0 x 2. Double-declining balance (Round answers to the nearest whole number, when appropriate.) Depreciation Year Expense 2015 $ Q X 2016 Q X 2017 0 X 2018
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
