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ABC Company has the following asset on its books. Match the calculations for depreciation under the following methods Purchase price Salvage value $21,000 1,000 Estimated
ABC Company has the following asset on its books. Match the calculations for depreciation under the following methods Purchase price Salvage value $21,000 1,000 Estimated life in years 4 Estimated life in units 100,000 Units produced in year 1-30,000, year 2-25,000, year 3-23,000, year 4-24,000 year 1 5,000 year 2-5,000 2 > year 3-5,000 1. year 4-5,000 year 1-6,000 year 2-5,000 year 3-4,600 year 4 4,400 year 1-10,500 year 2-5,250 year 3-2,625 year 4 1,625 Using the straight-line depreciation method, calculate depreciation expense in years 1 through 4.1 2. Using the units of activity depreciation method, calculate depreciation expense in years 1 through 4. 3. Using the double declining balance depreciation method, calculate depreciation expense in years 1 through 4
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