E11-4 depreciation computations five methods -

Jon Secada Furnace Corp. Purchased machinery for $315,000, on May 1, 2014. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 240,00 units, and working hours of 25,000. During 2015, Secada Corp uses the machinery for 2,650 hours, and the machinery produces 25,500 units

Instructions:

From the information given, compute the depreciation charge for 2015 under each of the following methods. (Round to the nearest dollar)

(a) Straight-line

(b) Units-of-output

(c) Working hours

(d) Sum-of-the years?-digits

(e) Declining-balance (use 20% as the annual rate)

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Jon Secada Furnace Corp. Purchased machinery for $315,000, on May 1, 2014. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 240,00 units, and working hours of 25,000. During 2015, Secada Corp uses the machinery for 2,650 hours, and the machinery produces 25,500 units Instructions: From the information given, compute the depreciation charge for 2015 under each of the following methods. (Round to the nearest dollar) (a) (b) (c) (d) (e) Straight-line Units-of-output Working hours Sum-of-the years'-digits Declining-balance (use 20% as the annual rate) Show all your work