Depreciation Methods On January 2, Roth, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key produc The machine cost $400,000, and its estimated useful life was four years or 1,500,000 cuttings, after which it could be sold $25,000. Estimated annual production in cuttings Year 1 300,000 Year 2 525,000 Year 3 390,000 Year 4 285,000 Calculate the depreciation expense for each year of the machine's useful life under each of the following depreciation methods. Do not round intermediate calculations. Round final answer to the nearest dollar. Year 1 Year 2 Year 3 Year 4 Total a. Straight-line $ 0 $ 0 $ 0 $ 0 $ 0 b. Double-declining balance $ 0 $ 0 $ 0 $ 0 $ 0 c. Units of production $ 0 $ 0 $ 0 $ 0 $ 0
Depreciation Methods On January 2, Roth, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key produc The machine cost $400,000, and its estimated useful life was four years or 1,500,000 cuttings, after which it could be sold $25,000. Estimated annual production in cuttings Year 1 300,000 Year 2 525,000 Year 3 390,000 Year 4 285,000 Calculate the depreciation expense for each year of the machine's useful life under each of the following depreciation methods. Do not round intermediate calculations. Round final answer to the nearest dollar. Year 1 Year 2 Year 3 Year 4 Total a. Straight-line $ 0 $ 0 $ 0 $ 0 $ 0 b. Double-declining balance $ 0 $ 0 $ 0 $ 0 $ 0 c. Units of production $ 0 $ 0 $ 0 $ 0 $ 0
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 1AFE
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