a) Calculate depreciation under the straight-line method for 2020 in 2021

b) Calculate the depreciation expense under the double diminishing balance method for 2020 in 2021

c) Calculate the depreciation expense under the units of production method, assuming the actual number of units produced was 70,600 in 2020 and 118,400 in 2021.

FULL SCREEN PRINTER VERSION BACK Question 13 On June 9, 2020, Sheridan Company purchased manufacturing equipment at a cost of $334000. Sheridan estimated that the equipment will produce 580,000 units over its 5-year useful life, and have a residual value of $15,000. The company has a December 31 focal year end and has a policy of recording a half-year's depreciation in the year of acquisition Your answer is correct. Calculate depreciation under the straight-line method for 2020 and 2021