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E9-15 Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting...

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E9-15 Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3, LO 9-7] Torge Company bought a machine for $80,000 cash. The estimated useful life was five years and the estimated residual value was $5,000. Assume that the estimated useful life in productive units is 180,000. Units actually produced were 48,000 in year 1 and 54,000 in year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.) Depreciation Expense for Book Value at the End of Year 1 Year 2 Year 1 Year 2 Method of Depreciation Straight-line Units-of-production Double-declining-balance

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