Question

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Problem 10-2A Depreciation methods LO P1 A machine costing $209,800 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 482,000 units of product during its life. It actually produces the following units: 121,900 in Year 1, 123,800 in Year 2, 120,000 in Year 3, 126,300 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. (The machine cannot be depreciated below its estimated salvage value.) Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Straight Line Units of Production DDB Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Straight-line depreciation. Straight-Line Depreciation Year Depreciation Expense Total Straight Line Units of Production >

Answer 1

2098001 17000 192800 482000 48200 Cost of the Machine Less : Salvage Value Depreciable Value of the Machine Life of the Machine Life of the Machine (Units) Straight Line Method Annual Depreciation : Depreciable Value / Life annual Depreciation: (192800/4)) Straight Line Method Year Depreciation Expenses 48200 48200 48200 48200 Total 192800

0.4000 Year Units of Activity Method Annual Depreciation : Depreciable Value / Life Depreciation Per unit :192800/482000 Units of Activity Method Depreciable Depreciation Depreciation Units Per Unit Expeneses 121900 0.40 48760 123800 0.40 49520 120000 0.40 48000 116300 0.40 46520 192800 Total Double Declining balance Method Rate of Depreciation = (1/ Life) *2 Depreciation Rate = (1/4)*2 50.0% Double Decline Balance Method DDB Depreciation for the Period Beginning Book Depreciation Depreciation value Rate Expeneses 209800 50% 104900 104900 50% 52450 52450 50% 26225 26225 50% 9225 192800 End of the Period Accumulated Book Depreciaion Value 104900 104900 157350 52450 183575 26225 192800 17000 Totals