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Calculate the depreciation

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Reference no: EM133064293

Question - Now John needs to record the depreciation for his new red bags that he purchased onAugst 1st, 2019.

Purchase Price $60,000

Salvage Value $4,000

Useful Life 5 years

Number of presents to deliver 1,000,000

1. Using the Activity-Based Method, calculate the depreciation for 2019 if John distribute 40,000 presents.

2. Using Straight-line Deprecation method, calculate the depreciation for 2020.

3. Using the Sum of Years Digits Method, calculate the depreciation for 2019.

4. Using the Triple-Declining Depreciation Method, calculate the depreciation for 2019.

5. Using the Triple-Declining Depreciation Method, calculate the depreciation for 2020.

Reference no: EM133064293

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