Weekly Assignment #2 B Question 10 of 10 View Policies Show Attempt History Current Attempt in...

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← Weekly Assignment #2 B Question 10 of 10 View Policies Show Attempt History Current Attempt in Progress (a) A machine that produces cellphone components is purchased on January 1, 2024, for $108,000. It is expected to have a useful life of four years and a residual value of $10,000. The machine is expected to produce a total of 200,000 components during its life, distributed as follows: 40,000 in 2024, 50,000 in 2025, 60,000 in 2026, and 50,000 in 2027. The company has a December 31 year end. Your answer is partially correct. Calculate the amount of depreciation to be charged each year, using each of the following methods: i. Straight-line method Straight-line method depreciation $ Units-of-production method depreciation $ 2024 $ Year Depreciation Expense 2025 ii. Units-of-production method (Round depreciation per unit to 3 decimal places, e.g. 15.257 and depreciation expense to O decimal places, e.g. 125.) < 2026 $ 2027 LA Rate Year > 2024 $ 2025 $ 2026 $ iii. Double-diminishing-balance method 2027 $ Save for Later eTextbook and Media 24500 24500 24500 24500 50 % Depreciation Expense 19600 24500 29400 24500 per year 24500 0.18/1 2.040 per unit ||| Attempts: 2 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Submit Answer ⠀ SUPPORT ← Weekly Assignment #2 B Question 10 of 10 View Policies Show Attempt History Current Attempt in Progress (a) A machine that produces cellphone components is purchased on January 1, 2024, for $108,000. It is expected to have a useful life of four years and a residual value of $10,000. The machine is expected to produce a total of 200,000 components during its life, distributed as follows: 40,000 in 2024, 50,000 in 2025, 60,000 in 2026, and 50,000 in 2027. The company has a December 31 year end. Your answer is partially correct. Calculate the amount of depreciation to be charged each year, using each of the following methods: i. Straight-line method Straight-line method depreciation $ Units-of-production method depreciation $ 2024 $ Year Depreciation Expense 2025 ii. Units-of-production method (Round depreciation per unit to 3 decimal places, e.g. 15.257 and depreciation expense to O decimal places, e.g. 125.) < 2026 $ 2027 LA Rate Year > 2024 $ 2025 $ 2026 $ iii. Double-diminishing-balance method 2027 $ Save for Later eTextbook and Media 24500 24500 24500 24500 50 % Depreciation Expense 19600 24500 29400 24500 per year 24500 0.18/1 2.040 per unit ||| Attempts: 2 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Submit Answer ⠀ SUPPORT

Answer rating: 100% (QA)

iiUnitsofproduction method Depreciation per unit Cost Salvage value Total expected production 10800... View the full answer