Complete the following table given this information: (Do not round intermediate calculations.) $ 94,000 $ 4,000 5 years Cost of machine Residual value Useful life Estimated units machine will produce Actual production: 100,000 Year 1 Year 2 60,000 15,000 Use MACRS table. Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)
Complete the following table given this information: (Do not round intermediate calculations.) $ 94,000 $ 4,000 5 years Cost of machine Residual value Useful life Estimated units machine will produce Actual production: 100,000 Year 1 Year 2 60,000 15,000 Use MACRS table. Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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hello, thank s for all your help
![Complete the following table given this information: (Do not round intermediate calculations.)
$ 94,000
$ 4,000
5 years
Cost of machine
Residual value
Useful life
Estimated units machine will produce
Actual production:
100,000
Year 1
Year 2
60,000
15,000
Use MACRS table.
Depreciation Expense
Method
Year 1
Year 2
Straight line
Units of production
Declining balance
MACRS (5-year class)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6c939943-f505-46a2-8642-caa114ee122b%2Fadc5709e-8381-45e0-8d33-0b2d4ab9df36%2Fng9mlh_processed.png&w=3840&q=75)
Transcribed Image Text:Complete the following table given this information: (Do not round intermediate calculations.)
$ 94,000
$ 4,000
5 years
Cost of machine
Residual value
Useful life
Estimated units machine will produce
Actual production:
100,000
Year 1
Year 2
60,000
15,000
Use MACRS table.
Depreciation Expense
Method
Year 1
Year 2
Straight line
Units of production
Declining balance
MACRS (5-year class)
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