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 1 of the current year.
Required
Compute annual depreciation using each of the following methods.
a. Straight-line depreciation: Compute the depreciation rate and amount for each year.
Note: Enter the rate in decimal form (such as 0.10) and not as a percentage.
b. Units-of-production method using service hours as a measure of input: Compute the depreciation rate and amount of depreciation expense for the first year assuming
2,200 service hours of actual operation.
Depreciation rate per service hour $ 1.2
c. Units-of-production method using units produced as a measure of output: Compute the depreciation rate and amount of depreciation expense for the first year assuming
4,000 units of output.
Depreciation rate per unit
d. Sum-of-the-years'-digits method: Compute the depreciation amount for each year.
e. Double-declining-balance method: Compute the depreciation amount for each year.
Just Need Help on Part E ! Computing Depreciation

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