Prepare depreciation schedules for the following methods

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Reference no: EM13513161

DuPage Company purchases a factory machine at a cost of $18,000 on January 1, 2012. 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 ourly use was: 2012, 40,000; 2013, 60,000; 2014, 35,000; and 2015, 25,000.

Instructions

Prepare depreciation schedules for the following methods: (a) straight-line, (b) unitsof-activity, and (c) declining-balance using double the straight-line rate.

Reference no: EM13513161

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