How would I go about finishing this problem? I am confused on double declining a

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How would I go about finishing this problem? I am confused on double declining and then straight line for Sept 2015 as well as answers missed.

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Depreciation methods On January 2, 2015, Alvarez Company purchased an electroplating machine to help manufacture a part for one of its key products. The machine cost ,700 $218 and was estimated to have a useful life of six years or 781,200 platings, after which it could be sold for $23,400. Required a. Calculate each years depreciation expense for the period 2015-2020 under each of the following depreciation methods (round all answers to the nearest dollar): 1. Straightline. 2. Double-declining balance. 3. Units-of-production. (Assume annual production in platings of 140,000; 180,000; 150,000; 125,000; 105000; and 81,200.) 1. Straight-Line Depreciation Expense Year 2015 $ 32,550 2016 32550 2017 32550¢ 2018 32550 2019 32,550 v 2020 32,550

Explanation / Answer

part a Double declining year Depreciation expens e 2020 5,400 part b Straight line 2015 10,850 2021 21,700 2) Double Declining balance 2015 24,300 (72,900*4/12) 2016 64,800 (218700-24300) 2017 43,200 ( 2018 28,800 2019 19,200 2020 12,800 2021 2,200

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