Question: Coronado Corporation purchased a new machine for its assembly process on August 1, 2017. The cost of this machine was $122,616. The company estimated that
Coronado Corporation purchased a new machine for its assembly process on August 1, 2017. The cost of this machine was $122,616. The company estimated that the machine would have a salvage value of $13,416 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 19,500 hours. Year-end is December 31.
Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to 0 decimal places, e.g. 45,892.)
(d) Double-declining-balance for 2018
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