On January 1, 2018, the Allegheny Corporation purchased machinery for $128,000. The estimated service life of the machinery is 10 years and the estimated residual value is $7,000. The machine is expected to produce 200,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 31,000; units produced in 2019, 26,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation Expense Estimated Useful Life (years) 10 = Cost minus Salvage 1 128000-7000 X 1 Depreciation Expense $ 12,100 S 12,100 2018 2019 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. On January 1, 2018, the Allegheny Corporation purchased machinery for $128,000. The estimated service life of the machinery is 10 years and the estimated residual value is $7,000. The machine is expected to produce 200,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 31,000; units produced in 2019, 26,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using sum-of-the-years' digits. Sum-of-the-years' digits depreciation Depreciable Base Rate per Year 2018 2019 Depreciation Expense $ 22,000 $ 19,800 $ 5 121,000 121,000x 10/55 /55 = = 9 On January 1, 2018, the Allegheny Corporation purchased machinery for $128,000. The estimated service life of the machinery is 10 years and the estimated residual value is $7,000. The machine is expected to produce 200,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 31,000; units produced in 2019, 26,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using double-declining balance. Depreciation for the Period End of Period Annual Period Book Value Beginning of Period Book Value $ 128,000 $ 102,400 Depreciation Rate (%) 20% 20% Depreciation Expense 25,600S $ 20,480 Accumulated Depreciation 25,600 $ 46,080 2018 2019 $ $ 102,400 81,920 On January 1, 2018, the Allegheny Corporation purchased machinery for $128,000. The estimated service life of the machinery is 10 years and the estimated residual value is $7,000. The machine is expected to produce 200,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 31,000; units produced in 2019, 26,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using one hundred fifty percent declining balance. End of Period Annual Period Depreciation for the Period Beginning of Period Depreciation Depreciation Expense Rate Book Value $ 128,000 15% $ 19,200 $ 108,800 15% $ 16,320 Accumulated Depreciation Book Value 2018 2018 128.000 $ $ 19,200 35,520 $ $ 108,800 92,480 2019 On January 1, 2018, the Allegheny Corporation purchased machinery for $128,000. The estimated service life of the machinery is 10 years and the estimated residual value is $7,000. The machine is expected to produce 200,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 31,000; units produced in 2019, 26,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using units of production (units produced in 2018, 31,000; units produced in 2019, 26,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation: (Cost - Salvage) / Total units of production Calculate 2018 depreciation expense: Depreciation per unit rate Units produced in 2018 Depreciation in 2018 $ 19,800 X Calculate 2019 depreciation expense: Depreciation per unit rate Units produced in 2019 Depreciation in 2019 $ 17,050 % Required 4 Required 5 >