Question: Computing Partial Period Depreciation under Multiple Depreciation Methods a . Straight - line depreciation: Compute the annual depreciation rate and depreciation amount for Year 1
Computing Partial Period Depreciation under Multiple Depreciation Methods a Straightline depreciation: Compute the annual depreciation rate and depreciation amount for Year through Year
Carry all decimals in calculations; round final answers to the nearest dollar.
b Unitsofproduction method using service hours as a measure of input: Compute the depreciation rate and depreciation amount for the first partial year assuming service hours of actual
operation.
c Unitsofproduction method using units produced as a measure of output: Compute the depreciation rate and depreciation amount for the first partial year assuming units of output.
d Sumoftheyears'digits method: Compute the depreciation amount for Year through Year
Carry all decimals in calculations; round final answers to the nearest dollar.
e Doubledecliningbalance method: Compute the depreciation amount for Year through Year
Carry all decimals in calculations; round final answers to the nearest dollar.
The following information is provided for equipment purchased on August of the current year.
Required
Compute depreciation using each of the following methods. Assume the company has a December yearend.
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