(Answered) Question -your client burley designs recently acquired a

Accounting

Question -Your client, Burley Designs, recently acquired a new machine to build bicycle wheels for the tandems, recumbents and trailers they build.

Total machine cost after installation, calibrations and other related capitalized costs was $18,250. The machine has an expected life of 7 years with a residual value of $2000. The machine is capable of producing 20,000 wheels per year. Burley estimates that they will only ask the machine to produce as follows:

Year	Anticipated Product Schedule - Wheels
1	13,500
2	14,250
3	15,000
4	16,200
5	17,000
6	18,000
7	19,100

Required: Prepare and present depreciation schedules for the machine. Use the double declining methods of depreciation.

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