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Prepare depreciation schedules for straight-line method

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Question - DuPage Company purchase a factory machine at a cost of $18,000 on January 1,2017. DuPage expects the machine to have a salvage value of $2,000 at the end of its 4-year useful life. During its useful life, the machine is expected to be used 160,000 hours. Actual annual hourly use was 2017, 40,000; 2018, 60,000; 2019, 35,000; and 2020, 25,000.

Instructions - Prepare depreciation schedules for the following methods:

a. Straight-line method.

b. Units of Activity Method.

c. Declining Balance Method using double the straight-line rate.

Reference no: EM132523410

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