# Question: Short Company purchased a computer on January 1 2013 for

Short Company purchased a computer on January 1, 2013, for \$5,000. An additional \$100 was paid for delivery charges. The computer was estimated to have a life of five years or 10,000 hours. Salvage value was estimated at \$300. During the five years, the computer was used as follows:
2013 ........ 2,500 hours
2014 ........ 2,400 hours
2015 ........ 2,000 hours
2016 ........ 1,700 hours
2017 ........ 1,400 hours

Required
a. Prepare a five-year depreciation schedule for the computer using the straight-line depreciation method. Be sure to use formulas for all computations including depreciation expense. Set up the following headings for your schedule:


b. Prepare another five-year depreciation schedule for the computer using the units-of-production method. Use (copy) the headings used in Requirement a.
c. Prepare another five-year depreciation schedule for the computer using the double-declining-balance method. Use (copy) the headings used in Requirement a.
d. Prepare another five-year depreciation schedule for the computer using the MACRS method. Use (copy) the headings used in Requirement a.