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Calculate the depreciation expense for the computer

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Reference no: EM132820987

Problem - Forty-Niner Co purchased a computer for $325,000 on January 2, 2014. The company expects the computer to last for 8 years or 15,000 hours of operation, with an estimated residual value of $25,000. During 2014 the computer was operated for 2,000 hours, while in 2015 it was operated for 2,600 hours.

Calculate the depreciation expense for the computer for 2014 and 2015 using the following depreciation methods:

(a) Straight-line.

(b) Declining-balance at twice the straight-line rate.

(c) Units-of-production.

Reference no: EM132820987

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