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Determine the amount of depreciation expense for 2016 and 2017 using MACRS, assuming that the...

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Accounting

Determine the amount of depreciation expense for 2016 and 2017 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.)
MACRS table:

Year 5-Year property,% 7-Year property,%
1 20.00 14.29
2 32.00 24.49
3 19.20 17.49
4 11.52 12.49
5 11.52 8.93
6 5.76 8.92
7 8.93
8 4.46

Determine the amount of depreciation expense for 2016 and 2017 using units of production method.

Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, 2016:
Purchase price $ 90,800
Delivery cost $ 4,000
Installation charge $ 3,000
Estimated life 5 years
Estimated units 153,000
Salvage estimate $ 6,000
During 2016, the machine produced 49,000 units and during 2017, it produced 51,000 units.

Determine the amount of depreciation expense for 2016 and 2017 using straight-line method.

Determine the amount of depreciation expense for 2016 and 2017 using double-declining-balance method.

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