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Provide the annual depreciation for years

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Reference no: EM133159208

Question - On April 19, Year 8, Rawhide Corporation purchased equipment for $400,000. It has an expected useful life of 10 years and a residual value of $40,000. It is expected to produce 1,200,000 pairs of snowshoes over its useful life. Production in Year 8 was 90,000 pairs and in Year 9 was 134,000 pairs. Rawhide rounds depreciation to the nearest month.

Required - Provide the annual depreciation for Years 8 and 9 under the following three depreciation methods:

1. straight line

2. double declining balance

3. units of production

Reference no: EM133159208

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