Question

Oteda purchased a machine on January 1 for $ 11,500. Oteda expected the machine will be used for 4 years and will have a residual value of $ 2,500. Oteda expects the machine to be used for 25,000 hours: first year, 5,200 hours; second year, 7,500 hours; third year, 8,600 hours; and the fourth year, 3,700 hours.
Requirement:
Compute the annual depreciation amount using three different depreciation methods by filling in the following table:


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  • CreatedJuly 08, 2015
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