Reference no: EM131721816

Question - On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000.  The estimated service life is eight years and the total units of output to be 200,000.  The estimated residual value is $8,000. Production for the first four years was as follows:

Year Units

2016 25,000

2017 30,000

2018 35,000

2019 20,000

Using the double declining balance method, how much is: (Enter only whole dollar values.)

1. the 2019 depreciation expense

2. the accumulate depreciation after the fiscal year 2019 adjusting entry

3. the book value of the truck after the fiscal year 2019 adjusting entry