Solution-Compute depreciation expense under straight-line

Compute depreciation expense under straight-line method

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Question

Pina Company purchased equipment for $218,925 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,600. Estimated production is 39,300 units and estimated working hours are 19,900. During 2017, Pina uses the equipment for 520 hours and the equipment produces 1,000 units.

Compute depreciation expense under each of the following methods. Pina is on a calendar-year basis ending December 31.

(a) Straight-line method for 2017$

(b) Activity method (units of output) for 2017$

(d) Sum-of-the-years'-digits method for 2019$

(e) Double-declining-balance method for 2018$

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Compute depreciation expense under straight-line method

Reference no: EM132319503

Reference no: EM132319503

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