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\ TB Problem Qu. 10-224 (Algo) Computing depreciation under different methods\ A new machine costing

$36,000

cash and estimated to have a

$6,000

salvage value was purchased on January 1 . The machine is expected to produce 3,000 units of product during its 5-year useful life. Calculate depreciation expense in the first year under the following independent situations.\ The company uses the units-of-production method and the machine produces 450 units of product during its first year.\ The company uses the double-declining-balance method.\ The company uses the straight-line method.\ Complete this question by entering your answers in the tabs below.\ Required 1\ Required 2\ Required 3\ Calculate depreciation expense in the first year if the company uses the units-of-production method and the machine produces 450 units of product during its first year.\ \\\\table[[Select formula for the depreciation rate of Units of Production:],[(Cost - Salvage value) / Total units of production],[Calculate the first year depreciation expense:],[Depreciation per unit,

s

,10.00],[Units in first year,,450],[Depreciation in first year,

$

,4,500]]\ Required 1\ Required 2

TB Problem Qu. 10-224 (Algo) Computing depreciation under different methods A new machine costing $36,000 cash and estimated to have a $6,000 salvage value was purchased on January 1 . The machine is expected to produce 3,000 units of product during its 5 -year useful life. Calculate depreciation expense in the first year under the following independent situations. 1. The company uses the units-of-production method and the machine produces 450 units of product during its first year. 2. The company uses the double-declining-balance method. 3. The company uses the straight-line method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense in the first year if the company uses the units-of-production method and the machine produces 450 units of product during its first year

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