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How to Calculate Depreciation using Units of Production

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Reference no: EM132493828

Question - Rockport corporation purchased a new piece of equipment on January 1st of this year. Other information about the machine is listed in the table below. Note that the actual units produced exceed the estimate, but the machine cannot be depreciated below its salvage value

Machine Cost 312,500

Useful life 5

Salvage Value 22,000

Total estimated units 514,000

Actual units year 1 124,500

Actual units year 2 127,300

Actual units year 3 119,750

Actual units year 4 131,250

1) How to Calculate the Straight line Depreciation for Machine Cost? How to calculate Salvage Value? How to calculate for Depreciable Basis?

2) How to Calculate Depreciation using Units of Production for Machine Cost? How to calculate for Salvage Value? How to calculate for Depreciable Basis?

3) How to calculate Units for year 1,2,3,4? how to solve Depreciation per unit for year1,2,3,4? How to solve Annual depreciation for year 1,2,3,4?

Reference no: EM132493828

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