Compute depreciation expense on the machine for the year ending December 31, 2017, and the year ending December 31, 2018, using the following methods.

The cost of equipment purchased by Service, Inc., on July 1, 2017 was $200,000. It is estimated that the machine will have no salvage value at the end of its service life. Its service life is estimated at 5 years, and its total production is estimated at 500,000 units. During 2017, the machine produced 55,000 units. During 2018, the machine produced 48,000 units.

Instructions:

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Compute depreciation expense on the machine for the year ending December 31, 2017, and the year ending December 31, 2018, using the following methods.
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Compute depreciation expense on the machine for the year ending December 31, 2017, and the year ending December 31, 2018, using the following methods.

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(a) Straight-line

(b) Units-of-output

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