Question: Just Need Help on Part E ! Computing Depreciation Using Various Depreciation Methods The following data are available for equipment purchased on January 1 of
Just Need Help on Part E Computing Depreciation Using Various Depreciation Methods
The following data are available for equipment purchased on January of the current year.
Required
Compute annual depreciation using each of the following methods.
a Straightline depreciation: Compute the depreciation rate and amount for each year.
Note: Enter the rate in decimal form such as and not as a percentage.
b Unitsofproduction method using service hours as a measure of input: Compute the depreciation rate and amount of depreciation expense for the first year assuming
service hours of actual operation.
Depreciation rate per service hour $
c Unitsofproduction method using units produced as a measure of output: Compute the depreciation rate and amount of depreciation expense for the first year assuming
units of output.
Depreciation rate per unit
d Sumoftheyears'digits method: Compute the depreciation amount for each year.
e Doubledecliningbalance method: Compute the depreciation amount for each year.
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