Question

Calculate depreciation for 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 1. Straight line. 2. Sum-of-the-years’-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 28,000; units produced in 2019, 43,000).

Answer 1

Instructions are listed below

Step-by-step explanation:

Giving the following information:

A) Annual depreciation= (original cost - salvage value)/estimated life (years)

B) Depreciation expense= (remaining useful life/sum of the years' digits)/depreciable cost

C)Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

E) Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced