Datco company purchased new equipment for $90,000. The estimated salvage value is $5,000. The equipment has a useful life of 5 years and the clinic expects to use it for 10,000 hours. It was used for 1,600 hours in year 1; 2,200 hours in year 2; 2,400 hours in year 3; 1,800 hours in year 4; 2,000 hours in year 5.
Prepare a depreciation schedule by using the following depreciation methods
1)Straight line
2)Unit of activity
3)Double declining balance
4)Sum of the year digit

Answer rating: 100% (QA)

1 Straightline Depreciation Annual Depreciation Cost Salvage Value Useful life 90000 5000 5 17000 In ... View the full answer