Determine the depreciation expense for year x would be

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Reminder - Here is the information relating to the equipment of the company Production Inc:

Purchase on January 1 X5 100,000 $

Estimated useful life 5 years

Estimated residual value 10,000 $

Total hours of intended use 10,000 hours

Number of hours of use in X5 3000 hours

Number of hours of use in X6 2,500 hours

declining depreciation rate 35%

problem 1: If the Production company were to use the declining balance method for its equipment, the depreciation expense for year X5 would be:

problem 2: how would be the depreciation expense for year X5

Reference no: EM132795699

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