On January 1,2014,a machine costing $230,000 with a 4-year service life and an estimated $3,000 residual value was purchased.It was also estimated that the machine would produce 50,000 units during its life.The actual units produced during its first 2 years of operation were 9,000 and 10,000 respectively.Calculate the amount of depreciation expense for calendar years 2014 and 2015 under each of the following assumptions:
(a)The company uses the straight-line method of depreciation.
(b)The company uses the units-of-production method of depreciation.
(c)The company uses the double-declining-balance method of depreciation.

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The Answer of On January 1,2014,a machine costing $230,000 with a 4-year service life and an estimated $3,000 residual value was purchased.It was also estimated that the machine would produce 50,000 units during its life.The actual units produced during its first 2 years of operation were 9,000 and 10,000 respectively.Calculate the amount of depreciation expense for calendar years 2014 and 2015 under each of the following assumptions:
(a)The company uses the straight-line method of depreciation.
(b)The company uses the units-of-production method of depreciation.
(c)The company uses the double-declining-balance method of depreciation.

On January 1,2014,a Machine Costing $230,000 with a 4-Year Service