50.1K

Verified Solution

Link Copied!

A machine costing $209.800 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 482,000 units af product during its life it actually produces the following units 122,700 in Year 1. 123,500 in Year 2, 119,700 in Year 3, 126,100 in Year 4 . The total number of units produced by the end of Year-4 exceeds the otiginal estimate-this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method (Round your per unit depreciation to 2 decimal ploces. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Compute depreclation for each year (and total depreciation of all years combined) for the machine under the straight-line depreciation, A machine costing $209800 with a foutyear life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will proctuce 482.000 units of product during its life. it actuaily produces the following units. 122.700 in Year 1.123,500 in Year 2.119,700 in Year 3,126,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted Note The machine cannot be depreciated below its estimated saivage value Required: Compute depreciation for each year (and totai depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimol places. Round your answers to the nearest whole dollar.) complete this question by entering your answers in the tabs below. Compute depreclation for each year (and total depreciation of all years combined) for the machine under the Units of production. A machine costing $209,800 with a four-year life and an estimated S17,000 salvage value is instalied in Luther Company's factory on January 1 . The factory manager estimates the machine will produce 482.000 units of product during its life it actually produces the following units: 122700 in Year 1.123.500 in Year 2,119700 in Yeat 3,126,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate - this difference was not predicted. Note: The machine cannot be depreclated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar). Complete this question by entering your answers in the tabs below. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the poublededining-balance

Answer & Explanation Solved by verified expert

See Answer