Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated life. Estimated units Salvage estimate $ 83,200 $7,000 $ 3,000 a. Straight-line b. Double-declining-balanc c. Units of production 5 years 147,000 $ 5,000 During Year 1, the machine produced 43,000 units and during Year 2, it produced 45,000 units. Required Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods: Year 1 Year 2

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.