Question: Computing Depreciation Using Multiple Depreciation Methods On January 1, 2020, Walker Inc. acquired equipment for $96,000. The expected useful life is 10 years and

Computing Depreciation Using Multiple Depreciation Methods On January 1, 2020, Walker Inc.

Computing Depreciation Using Multiple Depreciation Methods On January 1, 2020, Walker Inc. acquired equipment for $96,000. The expected useful life is 10 years and the residual value is $1,920. Total service hours for the equipment are estimated to be 24,000 while actual hours for 2020 were 2,160. Compute depreciation expense in 2020, under the following methods. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. a. Straight-line $ 0 b. Sum-of-the-years-digits 5 0 c. Double-declining-balance $ 0 d. Units-of-production S 0

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