ACC/422 Intermediated accounting II..... Week 3 (Excer- 11-6) wiley plus

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Exercise 11-6 Buffalo Company purchased equipment for $256,200 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,640. Estimated production is 39,600 units and estimated working hours are 19,900. During 2017, Buffalo uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Buffalo is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.) (a) Straight-line method for 2017 $ (b) Activity method (units of output) for 2017 $ (c) Activity method (working hours) for 2017 $ (d) Sum-of-the-years'-digits method for 2019 $ (e) $ Double-declining-balance method for 2018