On January 1 2011 the Allegheny Corporation purchased machiner
On January 1, 2011, the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 10 years and the estimated residual value is $5,000. The machine is expected to produce 220,000 units during its life.

Calculate depreciation for 2011 and 2012 using each of the following methods. Round all computations to the nearest dollar.
1. Straight line.
2. Sum-of-the-years' digits.
3. Double-declining balance.
4. One hundred fifty percent declining balance.
5. Units of production (units produced in 2011, 30,000; units produced in 2012, 25,000).

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