Year Depreciation Expense Accumulated Depreciation
1 $ 54,240 $ 54,240
2 $ 20,096 $ 74,336
3 $ 10,048 $ 84,384
4 $ 7,536 $ 91,920
5 $ 3,400 $ 95,320
Complete the following table given this information: (Do not round intermediate calculations.)
Cost of machine $ 90,400
Residual value $ 3,400
Useful life 5 years
Estimated units machine will produce 100,000
Actual production: Year 1 Year 2
54,000 11,500
Use MACRS table.
1 answer
1 answer