The Jefferson Co. purchased a machine on January 1, 2014. The machine cost $595,000. It had an estimated life of ten years, or 30,000 units, and an estimated residual value of $40,000. In 2014, Jeffries produced 3,000 units.
Required:
Compute the depreciation charge for 2014 using each of the following methods:

Question

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The Answer of The Jefferson Co. purchased a machine on January 1, 2014. The machine cost $595,000. It had an estimated life of ten years, or 30,000 units, and an estimated residual value of $40,000. In 2014, Jeffries produced 3,000 units.
Required:
Compute the depreciation charge for 2014 using each of the following methods: