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Compute depreciation for each using straight line method

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Question - On January 2 2021, Wang Inc. purchased a machine to be used in the fabrication of a part for one of its key products. The machine cost $85,000 and its estimated useful life was five years or 500,000 units after which it could be sold for $5,000. Annual production in units for each year is 110,000; 100,000; 175,000; 90,000 and 25,000 respectively. Compute depreciation for each using Straight line method, Unit of Production and Double diminishing Balance.

Reference no: EM133147213

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