education.com/aw/CoM CSecure https//newconnect.mheducation.com/8W har8Graded Hom
ID: 2552057 • Letter: E
Question
education.com/aw/CoM CSecure https//newconnect.mheducation.com/8W har8Graded Homework A machine costing $210,000 with a four-year lfe and an estimated $18,000 salvage value ls Installed in Luther Company's factory on January 1 The faciony manager estmates the machine will produce 480,000 units of product during its Ite. It actually produces the following unts 122.700 inst year 122.400 in 2nd year, 120,500 tn 3rd year, 124 400 In 4th year The total number of units produced by the end of year 4 exceeds the oniginal ecmate-his dference wias not predicted. (The machine must not be depreciated below s ectmated salvage value) Requtred Compute deprectacion for each year (and total depreciation of all years combinedj for the machine under each depreciation method Round your per unt depreclation to 2 decimal places. Round your answers to the nearest whole dollar) Complete this question by entering your answers in the tabs below Computa depreciacon for each year (and total depreciation of all years combined) for the machine under each Straighte-ine pe here to searchExplanation / Answer
Straight Line method
Annual Depreciation = (Machine cost - salvage value)/ useful years
Annual Depreciation= (210000 - 18000)/ 4
= (192000)/ 4
= 48000
Straight Line Depreciation Schedule
Year
Annual Depreciation
Accumulated Depreciation
Book value
1
48000
48000
162000
2
48000
96000
114000
3
48000
144000
66000
4
48000
192000
18000
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Straight Line Depreciation Schedule
Year
Annual Depreciation
Accumulated Depreciation
Book value
1
48000
48000
162000
2
48000
96000
114000
3
48000
144000
66000
4
48000
192000
18000
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