Solution-Compute depreciation under the straight-line

Compute depreciation under the straight-line units-of-output

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Reference no: EM131771199

Metlock Company purchased machinery for $147,000 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 81,000 units, and working hours of 38,200. During 2017, the company uses the machinery for 14,134 hours, and the machinery produces 17,820 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years'-digits, and double-declining-balance methods.(Round intermediate calculations to 5 decimal places, e.g. 1.56487 and final answers to 0 decimal places, e.g. 5,125.)

Please help I can't figure out how to correctly come up with the answers. The figures I get don't seem be correct.

Reference no: EM131771199

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Compute depreciation under the straight-line units-of-output

Reference no: EM131771199

Reference no: EM131771199

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