Winsey Company purchased equipment on January 2, 2013, for $700,000. The equipment has the following characteristics:

Estimated service life ..............20 years, 100,000 hours, 950,000 units of output

Estimated residual value ...........$50,000

During 2013 and 2014, the company used the machine for 4,500 and 5,500 hours, respectively, and produced 40,000 and 60,000 units, respectively.

Required:

Compute the depreciation for 2013 and 2014 under each of the following methods:

1. Straight-line

2. Activity method based on hours worked (round the depreciation rate per hour to 3 decimal places)

3. Activity method based on units of output (round the depreciation rate per unit to 2 decimal places)

4. Sum-of-the-years'-digits

5. Double-declining-balance

6. 150%-declining-balance

7. If Winsey used a service life of 16 years, 80,000 hours, or 750,000 units of output, what would be the effect on depreciation expense under the straight-line, sum-of-the-years'-digits, and declining-balance depreciation methods? Round your answers to the nearest dollar.