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How do determine the amount of depreciation expense

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Reference no: EM132636215

Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, 2018:

Purchase price: $83,200

Delivery cost: $7,000

Installation charge: $3,000

Estimated life 5 years

Estimated units 147,000

Salvage estimate: $5,000

During 2018, the machine produced 43,000 units and during 2019, it produced 45,000 units.

Required

Problem 1: Determine the amount of depreciation expense for 2018 and 2019 using each of the following methods:

2018 2019

Straight-line:

Double-Declining-Balance:

Units of Production:

Reference no: EM132636215

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