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Prepare a schedule showing depreciation for each year

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Reference no: EM132723144

Problem - A machine is purchased January 1 at a cost of $59,000. It is expected to produce 130,000 units and have a salvage value of $3,000 at the end of its useful life. Units produced are as follows:

Year 1 10,000

Year 2 8,000

Year 3 12,000

Year 4 16,000

Year 5 11,000

Prepare a schedule showing depreciation for each year and the book value at the end of each year using the units-of-production method (round calculations to two decimal places).

Reference no: EM132723144

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