Perform these exercises using the straight-line method.

3. A crane owned by LOR Construction was book depreciated over a 5 year. Book Value $125,000 Salvage Value = $20,000 Useful Life: 5 Years

Perform these exercises using the Activity method.

4. The American company purchased a wheel loader for $150,000 on January 1, 2022. The information regarding usability and life of the loader is given below: Estimated salvage value: $10,000 Estimated useful life: 10 years Estimated productive life in hours: 20,000 hours The wheel loader was used for 2,000 hours during the year 2022.