A) straight-line

B)units of production (10,000 hours first year; 15,000 hours second year)

C) declining-balance at twice the straight line rate

Problem 5: (10 Points) Equipment purchased at the beginning of the fiscal year for $840,000 is expected to have a useful life of 10 years, or 400,000 operating hours, and a residual value of $40,000. Compute the depreciation for the first arn second years of use by each of the following methods: a) straight-line b) units-of-production (10,000 hours first year; 15,000 hours second year) c) declining-balance at twice the straight-line rate (Round the answer to the nearest dollar.)