Refer to the situation described in BE 11-2. Assume the machine was purchased on March 31, 2018, instead of January 1. Calculate depreciation expense for 2018 and 2019 using each of the following depreciation methods:
(a) Straight line,
(b) Sum-of-the-years'-digits,
(c) Double-declining balance.
In BE 11-2
On January 1, 2018, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the machine to operate for 10,000 hours.