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6. Calculate Depreciation for years 1 and 2 given the following information: Purchased an Equipment on July 1,202x. Cost =50,000, Useful Life =5 years, Estimated
6. Calculate Depreciation for years 1 and 2 given the following information: Purchased an Equipment on July 1,202x. Cost =50,000, Useful Life =5 years, Estimated Salvage Value =5,000 a. Calculate depreciation for years 1&2 (assuming a calendar year) using Straight-line Depreciation b. Calculate depreciation for years 1&2 (assuming a calendar year) using Declining Balance Method c. Calculate depreciation for years 1&1 (assuming a calendar year) using Units of Production. Total units estimated over the life of the asset 90,000 . Units produced in year 1=9,200 and year 218,000
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