(Answered) Ramer inc manufactures sporting goods the following

Accounting

Ramer Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, 2013:

Purchase price ............ $ 80,000
Delivery cost ............ $ 2,500
Installation charge .......... $ 850
Estimated life ............ 5 years
Estimated units ............ 160,000
Salvage estimate ........... $ 3,350

During 2013, the machine produced 35,000 units and during 2014, it produced 36,000 units.

Required:

Determine the amount of depreciation expense for 2013 and 2014 using each of the following methods:

a. Straight line.
b. Double declining balance.
c. Units of production.
d. MACRS, assuming that the machine is classified as seven year property.

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