26. 2.50 points Sketches Inc. purchased a machine on January 1, 2016. The cost o

Question

26. 2.50 points Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was $42,500. Its estimated residual value was $13,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 1.550 units in 2016 and 2,000 units in 2017 te the depreciation expense for 2016 and 2017 using the units-of-production method. (Do not d round your intermediate caiculations. Round your final answers to the nearest whole dollar.) 2016 2017

Explanation / Answer

Depreciation expense: 2016 4495 =(42500-13500)/10000*1550 2017 5800 =(42500-13500)/10000*2000

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