$\backslash (($L $01,2)\backslash )$ Depreciation Computations $-$ Five Methods

Jon Seceda Furnace Corp. purchased machinery on June $1,2023.$ The following are provided concerning the machinery.

Instructions:

From the information given, compute the depreciation charge for $2024$ under each of the following methods. $($Round to the nearest dollar.$)$

$($a$)$ Straight$-$line

$($b$)$ Units$-$of$-$output

$($c$)$ Working hours

$($d$)$ Sum$-$of$-$years' digits

$($e$)\backslash (200\backslash \%\backslash )$ Declining$-$balance

$($a$)$ Straight$-$line using the SLN function

$($b$)$ Units$-$of$-$output

$($c$)$ Working hours

$($d$)$ Sum$-$of$-$years' digits

$($e$)200\backslash \%$ Declining$-$balance

Note: Use Excel's depreciation function for part a$.$