Jim company bought a machine for $45,660 with an estimated life of 5 years. The residual value of the machine is $6,600. This machine is expected to produce 126,000 units. In year 1, it produced 22,000 units, and in year 2, 41,000 units. Assuming the units of production method, calculate the first 2 years depreciation. For year 1 and year 2.​

1,918

step-by-step explanation:

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720

step-by-step explanation:

left be aligning the decimal points is required to not required see the number of digits to the right