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Determine the amount of depreciation expense

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Question - Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1:

Purchase price $70,000

Delivery cost $3,000

Installation charge $1,000

Estimated life 5 years

Estimated units 140,000

Salvage estimate $4,000

During Year 1, the machine produced 36,000 units and during Year 2, it produced 38,000 units.

Required - Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods:

a. Straight-line

b. Double-declining-balance

c. Units of production

Reference no: EM133149377

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