Additional Problem 3 (Part Level Submission) Pina Manufacturing purchased a mach

Question

Additional Problem 3 (Part Level Submission) Pina Manufacturing purchased a machine on August 1, 2017 for use in its factory. Pina paid $310,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $26,000. During its life, the machine was expected to produce 189,000 units. During 2017, the machine produced 21,000 units, and produced 31,000 in 2018. The machine was subject to a 20% CCA rate, ar Pina's year-end was December 31. Calculate the annual depreciation amount for 2017 and 2018 under the straight-line method. (Round answers to 0 decimal places, e.g. 5,275, 2017 2018 Depreciation amount LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: o of 4 used SAVE FOR LATERSUBMIT ANSW (b) The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above.

Explanation / Answer

a Straight-line depreciation: 2017 11833 =(310000-26000)/10/12*5 2018 28400 =(310000-26000)/10

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