3. On June 1, Year 1, a machine costing $45,000 was acquired. The machine is expected to produce 90,000 units over a 5-year period, after which it will be scrapped. The machine produced 20,000 units during Year 1. The company's fiscal year end is December 31. Which statement is true? a. Using the units-of production method, depreciation expense for Year 1 is $5,000. b. Using the units-of production method, depreciation expense for Year 1 is $10,000. c. Using the units-of production method, depreciation expense for Year 1 is $5,833. d. Using the straight-line method, depreciation expense for Year 1 is $4,500.

Looking for Decpreciation for Year 4 under Units of production.

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I need some help please? also the annual production (units) and the Depreciation expense

A machine has a cost of $15,300, an estimated residual value of $3,900, an estimated useful life of five years. The machine is being deprecated on a straight line basis. At the end of the second year what amount will be reported for accumulated deprecation

Equipment with a cost of $446,900 has an estimated residual value of $51,400, has an estimated useful life of 35 years, and is depreciated by the straight-line method.   a. Determine the amount of the annual depreciation. b. Determine the book value at the end of the 20 full years of use. c.  Assuming that at the start of the year 21 the remaining life is estimated to be 22 years and the residual value is estimated to be $53,700, determine the depreciation expense for each of the remaining 22 years.

Lord Company purchased a machine on January 2, Year 1, for $70,000. The machine had an expected residual value of $10,000, an expected life of 8 years or 24,000 hours, and a capacity to produce 100,000 units. During Year 1, Lord produced 12,000 units in 2,500 hours. In Year 2, Lord produced 15,000 units in 3,000 hours.  c. Prepare a schedule showing depreciation expense for Year 1 and Year 2 and the book value of the asset at the end of Year 1 and Year 2 for the activity method based on units of output. LORD COMPANYDepreciation ScheduleActivity method: Units of output   Beginning Book Value Depreciation Ending Book Value Year 1 $fill in the blank 6a1d42016fd5fd8_1 $fill in the blank 6a1d42016fd5fd8_2 $fill in the blank 6a1d42016fd5fd8_3 Year 2 $fill in the blank 6a1d42016fd5fd8_4 $fill in the blank 6a1d42016fd5fd8_5 $fill in the blank 6a1d42016fd5fd8_6

Company D recently purchased an equipment that costs $50,000, has a life of 4 years and a salvage value of $10,000. The production output of this equipment is 1800 on the first year, 2200 on the second year, 3000 units on the third year, and 4000 units on the fourth year. What is the accumulated depreciation charge on the second year?

Prepare a depreciation schedule for the following machine: the machine cost $43,000; it has an estimated residual value of $5,300 and expected life of 280,000 units. The units produced were:   Year Units Depreciation Book value at the end of each year Year 1             95,000 units     Year 2             80,000 units     Year 3             50,000 units     Year 4             35,500 units     Year 5 30,000 units       I need help working these problems out. Explain in detail please.

10. On January 1, 2021, Homestead Designs purchased some equipment for $19,600. The anticipated life of the equipment was five years and residual value was estimated to be $3,100. The machine was expected to produce 600,000 units. In January, 25,000 units were produced and production was doubled in February. The company uses the activity depreciation method. What is the amount of depreciation expense for the month of February? a. $637.50 b. $1,210.00 c. $2,354.00 d. $1,375.00