(Answered) A machine costing 450000 with a 4-year life and an

Management Studies

A machine costing $450,000 with a 4-year life and an estimated salvage value of $30,000 is installed by Peters Company on January 1. The company estimates the machine will produce 1,050,000 units of product during its life. It actually produces the following units for the first 2 years: Year 1, 260,000; Year 2, 275,000. Enter the depreciation amounts for years 1 and 2 in the table below for each depreciation method. Show calculation of amounts below the table.

Year	Straight-Line	Units-of-Production	Double-Declining-Balance
Year 1
Year 2

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