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Annual depreciation expense

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Mace Company acquired equipment that cost $36,000, which will be depreciated on the assumption that the equipment will last six years and have a $2,400 residual value. Component parts are not significant and need not be recognized and depreciated separately. Several possible methods of depreciation are under consideration.

Prepare a schedule that shows annual depreciation expense for the first two years, assuming the following (show computations and round to the nearest dollar):

a. Declining-balance method, using a rate of 30%.

b. Productive-output method. Estimated output is a total of 210,000 units, of which 24,000 will be produced the first year; 36,000 in each of the next two years; 30,000 the fourth year; and 42,000 the fifth and sixth years.

c. Straight-line method.

Reference no: EM133296015

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