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1. Red Brick Company purchased u front-end loader and tractor for $42,000 on April 1, 2011. The tractor has an estimated useful life of six

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Red Brick Company purchased u front-end loader and tractor for $42,000 on April 1, 2011. The tractor has an estimated useful life of six years or 25, 800 hours and a residual value of $2,000. Listed in the chart below is the number of hours the tractor and front-end loader were used during 2011 through 2017. Year # of hours used 2011 3, 990 2012 4, 270 2013 3, 990 2014 4, 150 2015 4, 245 2016 4, 075 2017 1, 080 Calculate depreciation using the straight line method for 2011 through 2017. Calculate depreciation using units of production method for 2011 through 2017. Calculate depreciation using declining balance method for 2011 through 2017. Custom Flags purchased a sewing machine in January 2012 for $8,000. Custom depreciated the machine using the straight line method with an estimated useful life of 9 years and a residual value of $800. Calculate depreciation using the straight line method for 2012, 2013, and 2014

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