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Calculate the amount of depreciation to report

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Question - Calculating Partial-Year Depreciation - Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $86,000 on October 1. The equipment has an estimated residual value of $2,000 and an estimated useful life of five years or 20,000 hours.

Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses (a) straight-line, (b) double- declining-balance, or (c) units of-production depreciation.

Reference no: EM133160149

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