ABC Company acquired a machine on January 1, 2018 at a cost of $32,000. The machine has an estimated salvage value of $2,000 at the end of its 4-year useful life. The machine is estimated to be useful for a total of 10,000 hours. In 2018 the machine hours were 1,200 hours and in 2019 the machine hours were 1,400 hours.

Fill in the following chart.

Transcribed Image Text:

Depreciation Method Depr. Expense 2018 Depr. Expense 2019 Straight-line Sum-of-the-years'-digits Double Declining Balance Activity Method Book Value December 31, 2019 Depreciation Method Depr. Expense 2018 Depr. Expense 2019 Straight-line Sum-of-the-years'-digits Double Declining Balance Activity Method Book Value December 31, 2019

Answer rating: 100% (QA)

Given the information provided heres the filledin chart for the different depreciation methods Depre... View the full answer