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Calculate depreciation expense

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Question - Mountain View Resorts purchased equipment at the beginning of 2021 for $49,000. Residual value at the end of an estimated four- year service life is expected to be $7,300. The machine operated for 2,400 hours in the first year and the company expects the machine to operate for a total of 12,000 hours over its four-year life. Calculate depreciation expense for 2021, using each of the following depreciation methods: (1) straight-line, (2) double-declining- balance, and (3) activity-based.

Reference no: EM133057900

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