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Determine the amount of depreciation expense for year

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Reference no: EM132591330

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

Purchase price $75,809

Delivery cost 3,808

Installation charge 2,208

Estimated life 5 years

Estimated units 154,208

Salvage estimate $3,209

During Year 1, the machine produced 50,000 units and during Year 2, it produced 52,000 units.

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

i. Straight-line

ii. Double-declining-balance

iii. Units of production

Reference no: EM132591330

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