Drill Problem 17-13 to 17-16 (Algo) [LU 17-1 (2), LU 17-2 (2), LU 17-3 (2), LU 17-4 (2)] Complete the following table given this information: Note: Do not round intermediate calculations. Cost of machine Residual value Useful life 5 years Estimated units machine will produce: 100,000 Actual production Use MACRS table. Method $ 99,400 $ 4,900 Straight line Units of production Declining balance MACRS (5-year class) Year 1 Year 2 69,000 20,000 Depreciation Expense Year 1 Year 2
Drill Problem 17-13 to 17-16 (Algo) [LU 17-1 (2), LU 17-2 (2), LU 17-3 (2), LU 17-4 (2)] Complete the following table given this information: Note: Do not round intermediate calculations. Cost of machine Residual value Useful life 5 years Estimated units machine will produce: 100,000 Actual production Use MACRS table. Method $ 99,400 $ 4,900 Straight line Units of production Declining balance MACRS (5-year class) Year 1 Year 2 69,000 20,000 Depreciation Expense Year 1 Year 2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: accounting
![Drill Problem 17-13 to 17-16 (Algo) [LU 17-1 (2), LU 17-2 (2), LU 17-3 (2), LU 17-4 (2)]
Complete the following table given this information:
Note: Do not round intermediate calculations.
Cost of machine.
Residual value
Useful life
5 years
Estimated units machine will produce: 100,000
Actual production
Use MACRS table.
Method
$ 99,400
$ 4,900
Straight line
Units of production
Declining balance
MACRS (5-year class)
Year 1 Year 2
69,000
20,000
Depreciation Expense
Year 1
Year 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7fe5a73-45e4-4166-8ba1-50e355550dfc%2F55d3a255-f167-4999-ad10-e4723ad0cc23%2F2940lge_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Drill Problem 17-13 to 17-16 (Algo) [LU 17-1 (2), LU 17-2 (2), LU 17-3 (2), LU 17-4 (2)]
Complete the following table given this information:
Note: Do not round intermediate calculations.
Cost of machine.
Residual value
Useful life
5 years
Estimated units machine will produce: 100,000
Actual production
Use MACRS table.
Method
$ 99,400
$ 4,900
Straight line
Units of production
Declining balance
MACRS (5-year class)
Year 1 Year 2
69,000
20,000
Depreciation Expense
Year 1
Year 2
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