E $11-3$ Depreciation methods; partial years

LO$2$

On October $1,2013,$ the Allegheny Corporation purchased machinery for $$115,000.$ The estimated service life of the machinery is $10$ years and the estimated residual value is $$5,000.$ The machine is expected to produce $220,000$ units during its life.

Required:

Calculate depreciation for $2013$ and $2014$ using each of the following methods. Partial$-$year depreciation is calculated based on the number of months the asset is in service. Round all computations to the nearest dollar.

Straight$-$line.

Sum$-$of$-$the$-$years' digits.

Double$-$declining balance.

One hundred fifty percent declining balance.

Units of production $($units produced in $2013,10,000$; units produced in $2014,25,000).$