On january 1, 2018, the allegheny corporation purchased machinery for $115,000. the estimated service life of the machinery is 10 years and the estimated residual value is $5,000. the machine is expected to produce 220,000 units during its life. required: calculate depreciation for 2018 and 2019 using each of the following methods. 1. straight line. 2. sum-of-the-years'-digits. 3. double-declining balance. 4. one hundred fifty percent declining balance.

Instructions are listed below

Explanation:

Giving the following information:

Machine costs= $115,000.

The estimated service life of the machinery is 10 years.

The estimated residual value is $5,000.

The machine is expected to produce 220,000 units during its life.

1) straight line depreciation= (Machine purchase price - residual value)/ use life

straight line depreciation= (115000 - 5000)/10= 11000

2018= 11000

2019= 11000

2) sum of the years' method= (remaining useful life of the asset/sum of the years' digits)* depreciable cost

2018= 10/(10+9+8+7+6+5+4+3+2+1)*(115000-5000)= 110000/55=(10/55)*110000= 20000

2019= (9/55)*110000= 18000

3) Double declining balance method= 2* [(Asset cost - residual value)/useful life of the asset]

2018= (1100000/10)*2= 22000

2019= (110000-22000/10)*2= 17600

4) One hundred fifty percent declining balance= [(purchase value-salvage value)/use years]*1.5

2018= (110000/10)*1.5= 16500

2019= [(110000-16500)/10]*1.5= $14025

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )