Question: Using Problem 17-21, Calculate the first two years depreciation, assuming theunits of depreciation method. The machine is expected to produce 120,000 units. In year 1

Using Problem 17-21, Calculate the first two years depreciation, assuming theunits of depreciation method. The machine is expected to produce 120,000 units. In year 1 it produced 19,000. units and in year 2, 38,000 units.

problem 17-21 Jim company bought a machine for $36,000 with an estimated life of 5 years. The residual value of the machine is $6,000. Calculate (a) the annual depreciation and (b) the book value at the end of year 3. Assume straight line depreciation.

Please include the step so that I can learn to do this correctly for my exam. Thank you for your help.

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