Basic information relating to a new machine purchased by Hinshaw Company is presented in E9-5.
Instructions
Using the facts presented in E9-5, compute depreciation using the following methods in the year indicated.
(a) Declining-balance using double the straight-line rate for 2014 and 2015.
(b) Units-of-activity for 2014, assuming machine usage was 3,900 hours. (Round depreciation per unit to the nearest cent.)