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At the beginning of 2015, your company buys a $34,000 piece of equipment that it expects to use for 4 years. The equipment has an estimated residual value of 4,000. The company expects to produce a total of 200,000 units. Actual production is as follows: 48,000 units in 2015, 46,000 units in 2016, 55,000 units in 2017, and 51,000 units in 2018.
Calculate the depreciation expense per year under the straight-line method.
Use the straight-line method to prepare a depreciation schedule.
Calculate the depreciation rate per unit under the units-of-production method. (Round your answer to 2 decimal places.)
Use the units-of-production method to prepare a depreciation schedule. (Do not round your Depreciation rate per unit.)
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